May. 13 at 7:01 AM
$MOBX In most stocks, warrants at
$11.50 (like the ones MOBX has) would be seen as massive dilution. But at a
$2.00 share price and an 8.58M float, those warrants are mathematically irrelevant for now.
• Because the strike price is so high (
$11.50) compared to the current price, there is a massive "empty zone" where the stock can run without any warrant-holders dumping shares.
• The Short Squeeze: With 16.6% short interest, the shorts are trapped in that empty zone. If they have to cover 1.4 million shares on an 8M float, they can’t wait for the warrants to exercise.