"For as long as the Warrants are outstanding, the holder shall not engage in any short sales of the Common Stock, except certain short sale may be permissible if made one trading day prior to the exercise of such Warrants"
Seems strange since CCG claims they don't employ shorting or hedging.
The key here is the Black Scholes formula.
There will be some more pain before the real gain.
Just watch the options and start accumulating real soon.GL
I read that condition in the PR as a confirmation the newly issued stock in the private placement will not be shorted. Not much pain at all. No shorting, more cash, longs have some new powerful friends on the battle against the shorts. Big news ahead. Win Win.