The majority of the warrants remaining can only be converted with a strike price of $4.80 or higher. They have to get the SP over $5 just to make any money.
These guys love scare tactics to buy in lower...
Throw out all the conspiracy theories of wash trades, super dept, and whatever other nonsense these guys have come up with, and what're you left with? An undervalued company.
Basic arithmetic shows a MC of ~$7M, can anyone (outside of the 3 negative nancies) tell me they think this is a fair value when they have $4m+ revs each quarter, $400k in cash, and airplanes?
Longs holding shares because the Q comes out on Monday. I'm betting it shows another $4m+ in rev and a dramatically improved balance sheet.
You guys do what you want, I'm holding all of my shares.
(I know you're not new here, this is more of a recap... :)
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