RE:TGOD.WT have value if you believe that the exercise price Only 18 million warrants can trade, wouldn't take much to corner the market on all the warrants. Makes for a great call option with 3 years remaiming.
Green Organic Dutchman to list 18.4M warrants Dec. 19
2019-12-17 19:48 ET - Warrants Called to Trade
The Toronto Stock Exchange reports that 18.4 million common share purchase warrants of The Green Organic Dutchman Holdings Ltd. will be listed and posted for trading at the open on Dec. 19, 2019, under the symbol TGOD.WS and Cusip No. 393210 18 2. As stated in its short form prospectus dated Dec. 13, 2019, the company will issue 36.8 million units at 75 cents per unit, with each unit consisting of one common share and one-half of one common share purchase warrant.
According to the TSX, the company expects to close the offering at the open on Dec. 19, 2019. Each warrant will be exercisable at $1 per share for 36 months after the closing of the offering. The TSX has issued a separate bulletin regarding the listing of the shares underlying the units.