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QMengColdJoke
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Based on share amount and warrant price, I think the selling party is Jefferies who helps issuing. They got shares right before Red Cat so pretty tricky. Short term bad, especially 2.4 strike plus small premium would create an anchor like 2.5 or 3. But this is still a company with read product after Red Cat news, so should not fall back to 2 zone.
QMengColdJoke : Based on share amount and warrant price, I think the selling party is Jefferies who helps issuing. They got shares right before Red Cat so pretty tricky. Short term bad, especially 2.4 strike plus small premium would create an anchor like 2.5 or 3. But this is still a company with read product after Red Cat news, so should not fall back to 2 zone.