Like I said, pinky player versus reality. The market spoke, investors were willing to “invest” in the secondary based on what was presented.
Obviously, the blue sky didn’t offset the present day facts.
Just because it does not agree with pink player expectations, does not mean it is not fact.
60 meetings is a huge number, not enough investors were willing to go with the blue sky.
The investors, based on available info, are getting shares with a $3 handle with one full warrant already way into the money.
That’s what the market demanded.
Now let’s see what the Company does as a merged company, in particular, with a nice treasury for many of the “in the money” warrants being exercised.
Then weigh it against any selling from these fortunate investors