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OPGN .37 Warrants Can Exercise (from 10/3/22 Registered Direct Offering)

April 3, 2023 @ 8:00 am - 5:00 pm

These warrants can only exercise IF the price clears .37, and it can’t happen before April 3, 2023.

PR released 10/3 about these warrants from a Registered Direct Offering. Exercisable 6 months after issue, with a .377 ex price.  In the weeks leading up to this date, the objective way to look at this is: There are large pockets who stand to benefit greatly if the warrants they got with the investment they made back in October are able to be exercised.  The company gets the extra funding to the tune of .377 per share and the fund holding all these warrants gets anything over that .377.

With this exercise date pushed so far back, it would be easy to claim it completely coincidental if the stock price was pumped past the warrant exercise price right in the nick of time, and then followed by a selloff once the volume was enough for those warrants to exercise.  Of course this scenario I am describing would be a complete coincidence, I would not be able to prove anything nefarious happened objectively.  But this story has played out in many small cap warrant situations in the past, and you will find many examples within the Catalyst Calendar  if you look!

In a scenario where we are approaching that date and the stock price is well over the exercise price, the short term swing traders wouldn’t have much to take advantage of and this strategy would not be the one to employ.  We will update this entry as the date approaches.  We had ample heads up with the filing coming in October 2022

Details

Date:
April 3, 2023
Time:
8:00 am - 5:00 pm