Jul. 8 at 10:51 PM
$AMPG Been traveling without my iPad so have not been able to post for a bit.
Most here need to realize that the
$5 warrants in July and the
$6 warrats in November are material in at least two aspects:
+ Those holding the warrants probably shorted the stock above
$8 to lock in profits knowing they could cover their shorts with stock from the warrants. This is very common.
+ These warrants, if fully exercised, will bring in ~
$24.5 million to AMPG and why AMPG could suspend the ATM and fund the
$10 million in buybacks as AMPG currently has
$18.4 million cash along with
$4 million of debt.
So, these warrants are material in both aspects of the rise in short volume but also in funding AMPG and their
$10 million buyback over the next two years.
See also the rise in shorts was ~ 6 million from typical and their warrants only account for a max of 4.24 million so there was shorting just based on the rapid rise in share price. Suspending the ATM will make the warrantless shorts worry:
