IMO, the deal was done to serve three purposes, to provide more liquidity in the trading marketplace for GMER. Big investors like liquidity and 65 million shares was not enough liquidity when this starts to fly. Now, the un-restricted OS is roughly 110 million shares. The 2nd purpose I believe was to allow institutional ownership and support with an incentive (warrants) to grease some palms of their own. The 3rd purpose was of course to get some significant quick cash on their balance sheet. The ETH sales would not be enough and I like that they are keeping a majority of that for future price appreciation on ETH. That cash was also necessary I believe to incentivize their staff/employees by assuring them a bonus for their hard work. It is a short term blow to the PPS IMO. I figure we needed to chop through about 8 - 10 million shares of volume from those warrants, roughly 50% of the warrants. We are almost there since the S1 filing. The selling IMO will stop at that point and we move up from there IMO, probably later today or Monday. We will see, hoping I am correct. Bought more today.
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