Steel,
Actually very predictable behavior. What is important from here is the flow of information and action from the new WowJoint. If they put out a press release clearly defining outstanding shares and warrants remaining along with an 8K describing operational performance of WowJoint in the past quarter (with an updated forecast) then we will do just fine. Keep in mind, this is not a required report by China Fundamental. If the new WowJoint would like/need the money from the warrants and the large shareholders really believe in the company, then they will drive the pps toward $10 quickly. Some of the resistance today was caused by the overall markets behavior and investors that have watched approved SPAC deals stumble out of the gate ... as the company gets its pace and earnings/forecasts are published, the dynamics change ... with a small float and large stable insider positions and motivation by earn-out targets (critical element), the share price can move higher quickly ... especially is there is a large short position that was motivated by arbitragers ... China Ceramics is looking at this situation in the near future in my opinion ... in any case, WowJoint warrants have a bright future as earn-out targets are met ... Cheers.
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