Feb. 2 at 1:40 PM
$TPST ...The Warrants will almost certainly be re-priced 👇 lower. They were set at the time to be approximately double the
$9+ market price at that period in time. Now that the stock has been sitting for at least 30+ days in the
$3-dollar range, I expect them to be re-priced in the late Winter to around the
$6 ~
$8.00 range or so...But folks, this will not occur because they feel bad for us, or we always recycle our cans, or because we go to Church or the Synagogue on occasion... (Re-priced) dividend Warrants are simply another tool used to raise capital fast without doing an offering, and according to Tempest, are to be issued "to mitigate dilution of (legacy) shareholders." Re-pricing of Warrants has historically occurred before with Biodexa from
$2.20 to
$1.50, and with Ave Therapeutics from
$116 down to
$6 or so. This could help many of us burned shareholders to recoup some cash 💰at some point ☝️ if Brady and Dr. Angel can line up their ducks...
