“The math does not work ...“
What math precisely?
Why is it so hard to fathom that 105 million warrants have been exercised and made free trading? The PPS has been well above the strike price, for the most part, since they became eligible to become free trading.
And the selling has been very controlled…which when you have two coordinating sellers makes sense.
The Pref B selling would be like herding cats…there are too many entities. It will be uncontrolled well below $0.20 since their cost basis is $0.00001…and we simply haven’t seen that.
And lastly, both Sharp and Sapi have a very strong interest in getting them exercised before the end of Feb or even before the S-1 goes effective.
So they have (a) the motive, (b) the means, and (c) the opportunity to exercise their warrants as quickly as possible.
Market Data 
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AI
