RE:RE:RE:WarrantsFunny that this came up. I just gave a warrant 101 for a good friend. It is not HIP, but rather Namaste, but the information is relevant. I own both warrants and feel very good about their prospects. I made a killing with CBW at $0.14 and sold as the acceleration clause kicked in. I kept (exercised) some warrants for a great price.
I have to say the N warrants have so much room to appreciate to the acceleration price that warrant holders will do very well....assuming the stock moves up. (c8
All the best.
The acceleration clause kicks in at $6 for 10 days – stock price is $2 so a lot of room to move within the next 2 years. NICE!
Hard to guesstimate the price appreciation of warrants, but I will try my best with the recent activity from the graphs below. This is why they say with warrants you have greater leverage for making money when they appreciate in price. Calculations are very close, but not spot on.
Stock: $2.09 x 700 shares = $1463
Wt: $0.49 x 3000 warrants = $1470
March 16 stock price $2.05
March 19 stock price $2.47
= 20% return
$1463 x 20% = $292 profit
March 16 wt price $0.40
March 19 wt price $0.59
= 47% return
$1470x47% = $690 profit
Of course, if after 2 years the stock stays less than $3.15 (read below) then you either lose your $1470 or you can pay more than the stock is worth and exercise your warrants to get the shares. It may be better to have something than nothing. That's your call.
Namaste Announces Closing of $40.25 Million Bought Deal Financing Including Full Exercise of Over-Allotment Option NOT FOR DISSEMINATION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Feb. 27, 2018 (GLOBE NEWSWIRE) -- Namaste Technologies Inc. (“
Namaste” or the “
Company”) (CSE:N) (FRA:M5BQ) (OTCMKTS:NXTTF) is pleased to announce that it has closed today its previously announced “bought deal” short form prospectus offering of units, including the exercise in full of the over-allotment option (the “
Offering”).
A total of 15,784,900 units of the Company (“
Units”) were sold at a price of $2.55 per Unit (the “
Issue Price”) for gross proceeds of $40,251,495 (including the exercise in full of the over-allotment option). The Offering was completed by a syndicate of underwriters co-led by Eight Capital and Canaccord Genuity Corp. as co-lead underwriters and joint bookrunners, and including Beacon Securities Limited (the “
Underwriters”). Each Unit was comprised of one common share in the capital of the Company (a “
Common Share”) and one Common Share purchase warrant of the Company (a “
Warrant”). Each Warrant entitles the holder thereof to purchase one Common Share at a price of $3.15 for a period of 24 months following the date hereof, subject to acceleration of the expiry date in the event the volume weighted average price of the Common Shares on the CSE is equal to or greater than $6.00 per Common Shares for a period of 10 consecutive trading days. It is anticipated that the Warrants will commence trading today under the symbol "N.WT".
The Warrant chart:
https://web.tmxmoney.com/quote.php?qm_symbol=N.WT:CNX 
The Stock chart:
https://web.tmxmoney.com/quote.php?qm_symbol=N:CNX 