Re: Number of outstanding warrants + impact
in response to
by
posted on
Nov 26, 2019 08:29AM
What I meant is that the share price can't move much higher than $1.33 given this technical pressure from this deal. All the warrant owners who have hit jackpot (cheaper shares, and that too sooner!) may or may not believe in an eventual buyout. They will be tempted to cash in some profits if the share price significantly exceeds $1.33.
And let us not forget that we are just weeks away from the end of the year. Tax loss selling should be hitting RVX soon. This deal may be the last straw for such tax loss sellers.
Don't get me wrong. I firmly believe that RVX will be bought out soon. But all the joy from owning RVX shares may come in a hurry...we may yet wallow around these levels for some time to come.