9 Million Warrants Priced At 1.62. Short, Medium size, Entry 3/4
The Stated Value of the Preferred Shares is $20.00 per unit, and the annual interest payment, which is to be paid out in quarterly installments, is 8%".
That translates into $2,000,000 worth of shares per year. In regards to the warrants, if we multiply 7.41 by 1 250 000, we get 9,262,500 common shares, and it says that the warrants are exercisible ***immediately @ $1.62 per share***
During the 60 days prior to May 31, 2019, and from the Event Date to the date hereof, Arosa Capital, on behalf of Arosa Opportunistic Fund, sold 178,333 shares of Common Stock, as follows:
Date Quantity Price Type of Transaction
May 2, 2019 159,955 $0.9074 Open Market Sale
May 3, 2019 18,378 $0.9165 Open Market Sale
Says a lot about how much confidence they had in the valuation at that time, and this was before Trump pumped it on twitter.
On May 31, 2019, the Company entered into a Subscription Agreement with Arosa Opportunistic Fund, in which Arosa Opportunistic Fund purchased (i) 305,000 shares of Series B Preferred Stock, with a stated value of $20.00 per share (the “Stated Value”) and a par value of $0.001 per share (the “Preferred Stock”), and (ii) warrants to purchase up to 2,260,050 shares of Common Stock at an exercise price of $1.62 per share (the “2019 Warrants” and together with the 2018 Warrants, the “Warrants”), subject to the Exercise Limitation. The Preferred Stock is not convertible and does not hold voting rights. The Preferred Stock is entitled to annual dividends at a rate equal to 8.0% simple interest per annum on the Stated Value. Accrued dividends are payable quarterly in shares of Common Stock based on a share price of $1.62.
1 250 000/305 000= 4.09(2,260,050) = The amount of warrants the preferred share holders are entitled to receive as part of the preferred share units
There is also warrants exercisible at $1.25
We should assume that the rest of the warrants went to Marathon
This chart pattern, and the way to price closed today, is almost a sure fire indication that they are unloading some of those warrants. Cheers, and happy trading everyone.
**********WE ARE NOT FINANCIAL ADVISERS. THIS IS A HIGH RISK TRADE. CONSULT A FINANCIAL ADVISER BEFORE BUYING ANY PUBLICLY TRADED SECURITY. WE DO NOT OWN THIS STOCK, NOR DO WE INTEND TO BUY THIS STOCK IN THE NEAR FUTURE. WE ARE NOT BEING PAID TO WRITE THIS OR BEING COMPENSATED IN ANYWAY. YOU SHOULD NOT USE THIS INFORMATION AS INVESTMENT ADVISE. ALSO, BY READING THIS ARTICLE, YOU AGREE TO INDEMNIFY US OF ALL LIABILITY FOR ANY LOSSES INCURRED FROM USING OUR INFORMATION AS THE BASIS OF AN INVESTMENT DECISION *****
That translates into $2,000,000 worth of shares per year. In regards to the warrants, if we multiply 7.41 by 1 250 000, we get 9,262,500 common shares, and it says that the warrants are exercisible ***immediately @ $1.62 per share***
During the 60 days prior to May 31, 2019, and from the Event Date to the date hereof, Arosa Capital, on behalf of Arosa Opportunistic Fund, sold 178,333 shares of Common Stock, as follows:
Date Quantity Price Type of Transaction
May 2, 2019 159,955 $0.9074 Open Market Sale
May 3, 2019 18,378 $0.9165 Open Market Sale
Says a lot about how much confidence they had in the valuation at that time, and this was before Trump pumped it on twitter.
On May 31, 2019, the Company entered into a Subscription Agreement with Arosa Opportunistic Fund, in which Arosa Opportunistic Fund purchased (i) 305,000 shares of Series B Preferred Stock, with a stated value of $20.00 per share (the “Stated Value”) and a par value of $0.001 per share (the “Preferred Stock”), and (ii) warrants to purchase up to 2,260,050 shares of Common Stock at an exercise price of $1.62 per share (the “2019 Warrants” and together with the 2018 Warrants, the “Warrants”), subject to the Exercise Limitation. The Preferred Stock is not convertible and does not hold voting rights. The Preferred Stock is entitled to annual dividends at a rate equal to 8.0% simple interest per annum on the Stated Value. Accrued dividends are payable quarterly in shares of Common Stock based on a share price of $1.62.
1 250 000/305 000= 4.09(2,260,050) = The amount of warrants the preferred share holders are entitled to receive as part of the preferred share units
There is also warrants exercisible at $1.25
We should assume that the rest of the warrants went to Marathon
This chart pattern, and the way to price closed today, is almost a sure fire indication that they are unloading some of those warrants. Cheers, and happy trading everyone.
**********WE ARE NOT FINANCIAL ADVISERS. THIS IS A HIGH RISK TRADE. CONSULT A FINANCIAL ADVISER BEFORE BUYING ANY PUBLICLY TRADED SECURITY. WE DO NOT OWN THIS STOCK, NOR DO WE INTEND TO BUY THIS STOCK IN THE NEAR FUTURE. WE ARE NOT BEING PAID TO WRITE THIS OR BEING COMPENSATED IN ANYWAY. YOU SHOULD NOT USE THIS INFORMATION AS INVESTMENT ADVISE. ALSO, BY READING THIS ARTICLE, YOU AGREE TO INDEMNIFY US OF ALL LIABILITY FOR ANY LOSSES INCURRED FROM USING OUR INFORMATION AS THE BASIS OF AN INVESTMENT DECISION *****
Comment:
We make no guarantee with respect to the accuracy of the statements contained in this report with respect to WKHS
Comment:
Add Last 1/4 **ABOVE** 3.00.
***********STOP 12%*********
Use the closing price as your stop, not some crazy intraday spike. It can't go that much higher. They are so deep in debt with too many cheap warrants outstanding. The market is also starting to look over bought in the short term
***********STOP 12%*********
Use the closing price as your stop, not some crazy intraday spike. It can't go that much higher. They are so deep in debt with too many cheap warrants outstanding. The market is also starting to look over bought in the short term
Comment:
If it closes strong we will be exiting and waiting for a new opportunity to enter.
Comment:
Too manipulated. They aren't going to make it easy
Comment:
Out 2.79