I hope everyone is staying safe!
So, what can we expect over the next 2 months heading into the expiry of the $.75 warrants.
Since most expect those warrants to be in the money based on the comments from the company, we have to assume that is becuase of NRE being announced. The value of the NRE is not as important, but we can probably expect somewhere in the $5M-$20M range.
The real key to the NRE is that is will be tied to an order in late 2020 or early 2021. Based on the fact they are speaking with a number of companies, I expect we will see more than one NRE in the short term.
So, where does that leave us.
If the $.75 warrants will be in the money in a couple months and let us assume a price of $.90 to be conservative. Current share price is $.56. That is over a 60% increase in value.
To me, that is a strong buy!
GLTA.
S