The loss is not an illusion, it is real. If those options were exercised back in January, we could have been selling them right now to put an extra $1 per share (~$7.5m) in the company's pocket. Even more important and not yet discussed, is the fact that CE still believed that these warrants were exercisable. It therefore raises the question of was he expecting a decent bump in our cash holdings to happen around now, and if so, where does that leave WR1 financially if we were expecting to have our hands on additional capital?
WR1 Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
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