Mar. 19 at 1:51 PM
A lot of people missing what’s happening with
$CMPS.
The Jan financing was ~
$4.275 for a share + warrant with a
$5.796 strike.
If investors exercise the warrants, their blended cost basis is roughly ~
$5/share.
That means funds from the deal can short stock above ~
$5 and hedge it with their warrants.
Until that supply is absorbed, every bounce is likely to get sold.
