Tenet Fintech Group Inc. C.PKK

Don't sell

[LongJhon]

Pre-split SP would be $0.50/share

[kijiji]

Who would sell PKK on a Friday and bet against news Monday morning?

[Tuco110]

Warrants trsding at $2.92, multiply times 2 = $5.84 add $3.50 =$9.34, shares trading at $9.96. What am I missing in that there is a negative premium on the warrants?

[MIKERRRR]

Tuco, you require TWO warrants to buy ONE share, and the exercise price of each warrant is $3.50...  So, to use your example, if you buy 2 warrants @ $2.92 ( $5.80 ), you'd also spend another $7 when you choose to convert... So your TOTAL cost per share would be $12.80... Fortunately, you have almost 2 full years to exercise those warrants, so theoretically ( given Peak's forecasts

[MIKERRRR]

Forgive my math ( not sure how to EDIT on Stockhouse )... Previous post should read $5.84 and $12.84... But I trust the basic point is clear...  Cheers...

[Tuco110]

Thanks for the clarification. In the release below it states the exercise price is $3.50 and the new exchange ratio is .5, sounding like 2 shares and $3.50. There had to be a logical reason for my wonderment. Toronto, Ontario--(Newsfile Corp. - le 28 juillet/July 2021) -  Peak Fintech Group Inc. Warrants (PKK.WT) were issued July 7, 2021 and listed July 26

[Nakate]

I'm still confused, but you can be sure there's no free money sitting there. bottom line is if they cost 3.50 before the split they now cost 7.00 and there is half as many. thats how I see it anyways. Maybe that you only get 0.5 warrants  when you pay for what seems to be one warrant.Aka the "exchange basis" Best to phone a broker or ask investor relations.