March 18, 2022
Allowing a person/entity to allow issuing warrants in a company with no trust (cash reserve) opens investors up to a lot of fraud.
Once the warrants starts trading, issuer can sell down their warrant position to other buyers, never do a single transaction and walk away making profit. The liquidity in financial market is plenty and this seems like another way a sponsor can really scam a retail. Please do not allow such a scheme that can easily be manipulated in the future.
THIS WILL DO MORE HARM THAN GOOD. Please do not approve