Feb. 19 at 4:06 AM
$BMEA @Apes_Strong These aren’t common shares — they’re warrants, same as Blue Owl a few days ago. Check item 4 - Ownership amount beneficially owned in the CVI/Heights filing.
If you add Blue Owl’s 4.4M warrants to CVI/Heights 7.8M, you’re basically at 13M warrants total. That happens to match the size of the October warrant issuance almost exactly.
If these are indeed October warrants (as opposed to June warrants), then the entire October warrant pool is now accounted for in just two institutional hands.
Since these warrants were probably acquired for something like
$0.50 on the secondary market, this isn’t a trade to clip pennies. The breakeven math alone already pushes you above
$3, and that’s before factoring in time value, risk, and opportunity cost.
