If I'm reading it correctly, 121 warrants exerciseable to 44,992,640 Ordinary Shares.
Have these warrants been exercised? I may be wrong, but I suspect not. When these warrants are exercised, top price is 33.5c and bottom price is 23.45c a share.
That 10c a share makes about 4.5 million dollars difference when exercising warrants. It may be in certain peoples interests to drive the sp down to 23c or less during the next 180-270 or so days.
The 'bot' has been selling shares down this week I notice. I hope I'm really wrong but I'm thinking there might be a lot of pressure to keep sp in the 20s for the next 9-12 months.
Kind regards.
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appendix 3b 121 warrants
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