I think I would rather own the warrant depending on the price rather than the headstock.
Given Canadian investors got this as part of the subscription, I know where I'd rather be once it lists.
Given that, maybe the drop is not so surprising.
I was disappointed in the terms of the placement, could have easily left the oversubscriptions as unfulfilled leading to a positive demand on listing. Giving the warrant attachment too, I think the stock doesn't fly as much as expected.
A touch underwhelming.
Ann: Oversubscribed C$10.8m Share Placement Completed, page-8
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