Yep. I see this as warrant dilution. Avg price of $24 is 0.29 shares per warrant. $22 is like 0.249. With tens of millions of warrants this is a real thing.Happy with my read on PSTH price action and selling the news on presentation day.
All day today, very small volume on the green candles, big volume sells making lower lows. Struggling to hold 22.50 today. This is going to be driven down to as close to nav as possible and without Ackman doing the media rounds, there is no catalyst for movement until timeline action dates.