RE: About another 300,000,00030 Jul 2025 21:36
LTI,
Wanna drop the fassard and have a proper conversation? About warrants?
Clearly a Hot Topic, Clearly still a overhang to come.
But I think a clear cut conversion is needed here, because I don't see a September date, now don't go all mental. Id like to get to the bottom of it really.
As I now see it, the cash warrants finished Monday.
The Prepaid Warrants, are not limited to an expiry date. But millions remain unanswered.
Feel free, to debate or give your take politely.
With the remaining left, the SP position as it stands and how I see it not a timeframe. Is there a possibility these will not hit the market sooner than expected.
Key aspect is not one warrant owner can enact enough shares to as to be considered a large holder, above a threshold of 3 to 5%.
Now, someone is at 4p avg excersized a 100 million warrants that would qualify in TR1 circumstances negating the Terms of agreement.
But they could always offload them few million at a time.
But to what benefit? Having excersized so much, at prices they likely got more than originally hoped.
It really depends on the mindset of the 4 warrant holders, with shares sold, capital made and how the status quo sits now at lower return on Equity