$CHFS I think warrants can be exercised at a maximum rate of 10% of the average 10 day volume which was 5.6 million shares. This means the total warrants exercised yesterday and today are around 1.1 million out of the total 3.75 million. Probably half of the warrants will be exercised now, so the share price will be stuck in today's range for another one or two days. The worst case scenario is that all warrants will be exercised now, so it will go on for another 4-5 days. During this period the share price will continue to be bound in today's range as the warrant holders will not benefit by selling the stock at a price below 0.35 - 0.36
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