RE:RE:RE:RE:WarrantsWhy would you not exercise the warrants? That makes ZERO sense.
From my understanding you are buying the option to purchase a share in 2020 for $4. You can also sell the warrant like a share until then. They trade under T.ACB.W.
The $13 number you are grabbing at is the price Canaccord (mostly them) will pay for the debenture deal they cut in Jan. for 230 million. 230 million is collecting 5% interest until conversion. Aurora can force the conversion and stop the interest if stock price is above $17 for 10 days.
longonMJ wrote: If you hold the warrant until the end without paying the required price to convert it, then you are basically left holding an empty bag. The warrants would expired and you would hold no common shares and no warrants anymore.
Are these the warrants where you have to pay something like $13.10 to convert one warrant into one common share?
torbay4 wrote: This warrant thing is new to me...I agree with what you are saying....but if I hold until it expires that warrant is now a stock correct?