Vext Science Inc. C.VEXT

Kid in a Candy Store

[retiredcf]

The wts have almost 3 years to go before expiry yet people are still offering them up for sale below their intrinsic value. Almost felt guilty taking them off their hands.

To illustrate: with the SP at $1.07, the wts are worth $0.62 TODAY, never mind what they will be worth 3 years from now. GLTA

[lscfa]

Some think stock price will retreat after recent pop so Wrts trading with time premium if so.    quote=retiredcf]The wts have almost 3 years to go before expiry yet people are still offering them up for sale below their intrinsic value. Almost felt guilty taking them off their hands. To illustrate: with the SP at $1.07, the wts are worth $0.62 TODAY, never mind what they will be worth

[retiredcf]

We may have had this discussion before but the wts should have a pretty decent time value given the potential of the company and the long way to go before expiry.  Notwithstanding the occasional moves in the SP, to sell them with a negative time value (ie. below intrinsic value) is nuts. But that's why you always keep dry powder handy. GLTA

[SecondLast]

Got even worse this morning- like .10 below intrinsic at some points, this is insane!

[retiredcf]

Can't resist a final comment. Same thing happened again today. By closing at $1.31, the wts are worth $$0.86 yet I was able to purchase more for two accounts at $0.74 and $0.75 near the end of the day.  Whoever coined the phrase: "Ignorance is Bliss"  was bang on the money. Will check back in a few months and see how things are going. GLTA

[retiredcf]

I will postpone my departure by a day because this is insane. In fact, I've never seen anything like it in over 30 years of investing. A few minutes ago, I purchased more wts for $0.90 that were worth $1.14. Which begs the question, why would anyone buy shares when they could by the warrants. To explain, I could exercise my wts tomorrow and convert them into shares while at the same time

[kentucky77]

Retiredcf... thanks for the tip I just bagged 20,000 at .90 to add to my other warrants and shares. GLTU

[Fabozzi]

ETFs aren't buying warrants just the common.  Holders of the warrants from the recent PP are massively onside so likely willing to sell below instrinsic.  I have looked at shorting the stock vs warrants but am unable to do so through my discount broker.  I doubt any retail can.  Thought some hedge funds might arb it out but doesn't appear to be the case.   I