RE: RNS Warrant Exercise14 Aug 2020 14:57
Surely this drop is mostly down to a slight retrace, profit taking from pi's, and not solely down to the fear of warrants. They aren't a hidden secret that's been sprung on us by surprise. Usually any reaction in sp is when they are issued along with the other terms of the placing. Reaching a price that makes it attractive to exercise them means the company is now stronger than it's ever been. No warrants would have probably meant no takers on a placing and no Rinocloud amongst other assets. Even if they were all sold the news we're expecting will swallow them up in days. I look at it this way, today we have just received enough cash to pay a third of the loan we've just taken out.