Probably madness to picture a scenario where - say - a holder of substantial long term 2025 warrants at 3 c is approached to exercise a "few" (17 mil?) of them early to provide some immediate working capital on the basis that there might be a CR in the offing and if that CR takes place at ...hmmm...say 3.4c then that will create opportunity to offload the shares resultant from the warrants that were exercised because the underwriter of the CR will probably have surplus interest to make sure those 17m get bought on market.
So win....win for some
And
An extra bonus - if a CR does indeed take place - is that those 34m shorter 2023 warrants will now drop from en exercise price of 18c to , circa 3.4c
Again, purely speculation
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