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Message: Eastern exercised some $0.90 cent warrants

Wow $476,000 comes in for a company burning $3.5 per month. That ott to last them about 4 days. Nice find there GAC. What I did hint at last week though is the # of warrants that are now outstanding for the June 2021 warrant package. The financials show that there are about 2 million less outstanding than were issued. I wondered whether they got converted already as well. If they did that would have given the company about a months worth of burn. I believe this would also contribute to the warrants really being a nonissue for most investors as there is simply not very many available to buy or trade. Many of us that already own warrants have no intention to sell or trade what we own as the likelihood of getting them back gets reduced every day as the book ends get closer coming into the end of the trial.

tada

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