2021.09.26 06:23 gearhead323 27M [chat] work was bad today, looking for some new friends to get my mind off things.
I can't sleep and looking for someone to chat with to get my mind off stress, we can talk about anything you'd like, I really don't mind as long as it's not work or politics. I'd like to make some friends I can chat with long term, but if you want just a quick chat I'm up for that too. A bit about me, I like the usual stuff, like gaming, movies, shows, cooking, outdoors stuff, pretty boring I know, but hmu and we'll hopefully hit it off. Please be 18+ Looking forward to hearing from you!
submitted by gearhead323 to MeetPeople [link] [comments]
2021.09.26 06:23 pareofdocks There will probably be no dilution on Monday
A lot of confusion is going on right now regarding the dilution of IRNT, and I want to clarify some things. Dilution will happen soon, with 13.8m warrants becoming exercisable at $11.5 a share and 64m shares eventually becoming tradeable after their restrictions are lifted. This info can be found in the S-1 form that was filed a few days ago.
The reason why dilution will probably not happen on Monday is because while the warrants are eligible to be exercised, they are only eligible if a certain condition is met. That condition is the SEC approving the S-1 that was filed. The reference to this can be found in several places across several IRNT SEC filings, with one being this: "Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement is declared effective." In other words, all the warrants and locked up shares will be able to be sold to the public and freely traded as soon as the SEC approves the S-1 filing (assuming no other restrictions exist, such as PIPE investors having to wait 180 days). They cannot be publicly traded until then. I don't know how long it takes the SEC to approve an S-1 form that is only seeking to register new shares. A random guy on reddit said 8-10 days and no other places have a timeline that is relevant to this situation. If anyone knows or has a source, please tell me.
Unless the form gets approved on Monday, warrants cannot be exercised and no dilution will take place. There is no exact date when the form will get approved, but it will almost certainly get approved by the end of next week, and from what I can tell, has a decent chance of getting approved this week.
Once warrants can be exercised, the stock will probably drop. The reason why warrants trade at a discount is because shorting the stock is expensive. If a warrant holder wanted to secure a price of $25 a share, he would short (sell) the stock, and wait until his warrant can be exercised, using the share from the warrant to cover his short position. Since shorting the stock is so expensive, doing this arbitrage is not cheap, hence why warrants trade at a discount. If shorting was free, warrants would trade at fair value. Since shorting the stock costs ~800%, warrants are discounted to take into account these fees. All available shares are shorted currently because even at these crazy interest rates, people with warrants think it's a good deal to secure this price. The fact that all shares are shorted means demand to sell locked shares at these prices is high. In other words, more people with warrants are looking to sell at these prices than buy, so once the warrants get unlocked, price will likely go down.
Until the S-1 form gets approved though, float should remain low. A small increase in buying should send the price up substantially, like it did on Friday. Be aware that if price does go up and you decide to buy, you're going to be playing chicken with the SEC and warrant holders. At a higher price, more of them will want to sell and will be willing to pay a higher price to arbitrage. That higher price will squeeze the people who arbitraged at a lower price, as their fees would no longer be worth it. This stock is in a really weird position right now, with a small possibility of something weird happening before the warrants unlock. If the SEC does not approve the S-1 form for whatever reason, warrant holders who arbitraged could get majorly screwed since the short fees would eat all their potential profits and then some. Do with this information whatever you want.
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2021.09.26 06:23 Eggsamuri Th 10tips?
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2021.09.26 06:23 Rogahar News just in; Local Inquisitor verbally demolished by Witch, considering change of careers.
2021.09.26 06:23 sorrylovebug88 Can I ask a question
So you have maybe 2 more years to live because of brain cancer would you push you partner away so they don't have to see you die slowly or would you keep them in your life
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2021.09.26 06:23 Among_us2020 19 [M4F] just looking for a casual chat buddy
Im just bored and looking for someone to have a casual chat with. I dont think i have a preference for age. I'm just looking for someone to have a nice chat with.
submitted by Among_us2020 to Kikpals [link] [comments]
2021.09.26 06:23 ThePhantomOfOprah Francis Ngannou to beat both Volkanovski & Ortega tonight
Putting some bets on Paddy Power for tonight and saw this bet option, thought the odds would have been a bit better
Ngannou to surprise WWE entrance this main event and steel chair both Volkanovski & Ortega?
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2021.09.26 06:23 jgaskin63 My 2yr old son is already outta the club
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2021.09.26 06:23 Sh031413 Repost to join the Luigi party!
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2021.09.26 06:23 quantumconfusion The red pill will be brutal
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2021.09.26 06:23 Timmeh1020 Too cute to kill?
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2021.09.26 06:23 ToffeBee Take a guess.(Totally Not Obvious >.>)
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2021.09.26 06:23 AnnaBananner82 Zeus suspects that you’re hiding snacks from him and he would like you to know that he knows
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2021.09.26 06:23 King_Steve62 Really Old News Episode 3: Roman Gold FOund OFf Coast of Spain
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2021.09.26 06:23 Gabooska Halo on Mac
2021.09.26 06:23 Toxicgamer1212 Extremely paranoid and anxious all the time
So basically a couple months ago I found out my gf cheated on me, and I ended up staying with her, and I’m trying to trust her again. But sometimes it’s hard, some days it just hits me like a ton of bricks, I get so paranoid and anxious, I worry if she will do it again and be more secretive about it, she has assured me it will never happen again and has deleted everything in front of me, I love her so much and I want to be together forever, I just wish this feeling would go away. It’s depressing and makes my anxiety horrible. Any advice would be amazing. I just want to trust her again
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2021.09.26 06:23 ThreadRipper320 $CRO review at r/cryptocurrency sub
2021.09.26 06:23 EragonMcg1975 Attention seeking milf
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2021.09.26 06:23 SideShowRoberta 2 Qs... How safe is Verawallet and what is the time frame for larger multiples of x gain for this coin?
2021.09.26 06:23 prawnbiryani 💗☁🍦🌸🧁🤍🦩
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2021.09.26 06:23 cacticollecting me breaking into your house, making cake batter with your groceries, eating it all with a spoon and leaving
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2021.09.26 06:23 75DollarsFreeUSONLY 💵 $100 free with your first qualifying deposit with Chime Bank!
2021.09.26 06:23 EvexeorAndThat I'm Confused
In the time-stamp 12:25 In Endgame, War Machine says, "Bruce gave him sedative; He's probably gonna be out for the rest of the day", and in the background it shows regular Bruce Banner not Smart Hulk
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2021.09.26 06:23 Volvomaster1990 Saw a modded [Silvia] in the drive thru at work! RB-26 swapped!
2021.09.26 06:23 captalnAw3s0m32 Why is my App Library messed up?
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