Re: IMHO...ratchets
Thanks for the info LTG. The people that have large positions in warrants do not need to double their money. The 20mm holder you mentioned would need to pay in $1m to exercise and then to sell at .11 to make a $1m. That may seem like a no brainer to most people but if someone is wealthy and doesn’t need another mil, I think they are waiting for next year to see if their 1 bagger this year could be a 20 bagger next year. I think this is also better for shareholders as there is less stock available which will raise the share price more dramatically and deservably when there is accumulation. In fact, wealthy warrant holders (other than Maxim) may be the ones who are buying now because they too are believers in the company. A 2mm volume day is still only 200k. If I’m the 20mm warrant holder, I would instead put a million dollars in buying the common and buy 10 million shares with it which would move the stock up and make his warrants more valuable in the meantime. Alas, how the rich get richer. I’m not in that league but am waiting for the big return.