RE: Choooo Chooooo17 Jan 2023 13:19
I just observed that int he last year some 70 to 80 million 3 p warrants were exercised, hence like climbing through mud to get from 3p to 4p.....those extra shares are being taken off the table for a quick profit, but they clearly decided not to carry that extra risk into the deal. With some warrant holders in large sums already, a quick skim of essentially free money. They have systematically sold this share down from 5.5p, when they were probably takign warrants like candy. Then for the rest of the year every bounce sold again and again, only current buy volume able to over come the overhead. However for those looking to get back in and getting in before the deal, silver lining is that 3p warrant conversions are giving you a liquidity event and a low average entry....