Jul. 22 at 10:30 AM
$ELPW After reading the 13G filings in detail, I have reached a different conclusion:
Warrants can create pressure when the price rises.
However, the blocker limits the speed at which they can convert into shares.
If there is very strong demand, the stock can still rise before all the potential dilution is absorbed.
That is why I do not rule out the
$2 level, though I view it as a scenario requiring:
a corporate catalyst;
sustained trading volumes over multiple sessions;
the market's ability to absorb any selling by warrant holders.
