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Message: Illiquid Warrant Holders

With reference to the 2021 warrant holders, what I don't get is why someone would sell shares for $6.25 that they purchased for $8.50 to incur a $2.25 capital loss to exercise $4.25 warrants that presently represent a capital gain presently worth $2.00. At some point this selling will restrain itself in my opinion.

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