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Message: Re: Almost 2 million in N.A.
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Oct 06, 2021 04:26PM
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Oct 06, 2021 07:15PM

Don't think so.  But a lot that bought them did so as a financing transaction only. Sell short for .60 or so, cover with shares purchased for a lot less, and keep the warrants for a kicker.  Not very unusual structure, but the difference between what the share price had been and the unit price was humongous. And don't forget, the unit price included the warrant.  So subtract from the unit price the value of the warrant. 

It was like a three ball lender transaction. Worst I've ever seen. Be nice to finally have that in the rear view mirror!  

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