Relief also reported today that the Company's main shareholder, GEM Global Yield LLC SCS (“GEM”), has exercised 500 million warrants. GEM has 86.66 million warrants remaining in Relief.
Two things that investors need to ask themselves regarding share price in the short term:
(1) Will EUA be granted (if it hasn’t already)? (2) What will our market cap be worth upon issuance of EUA?
[Cheat sheet: (1) yes (2) Lilly’s MC increased by ~$5 billion on its MCA EUA before investors started realizing that it barely works and is difficult/expensive to produce.]
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