Mar. 11 at 6:44 PM
$MI I'm new to the cashless warrant stuff, so basically the exercise price is the lower of the 2 market closes prior to exercise date (which is tomorrow). The difference in the exercise price and the market price is then used to figure out the amount of shares. Unless the price doubles the dilution from the exercising is minimal.
Say we close today at .60, which is the exercise price. They execute 6 warrants at .70 which means they get 1 share. So that would be 1/6th the dilution.
Makes me think they are going to want the price to fly to get the most bang for the buck which will happen tomorrow or AH today into tomorrow.