RE: Warrants
How Laughable...People...Warrants are a right to excercise in the (FUTURE)...Like stating, the seedlings I just planted
Warrant strike price 6.50. PNP current price 5.25, what is a warrant worth? It is on the eye of the beholder. I hold PNP but not the warrants. Let us say pnp SP remains 5.25 for a year, you hold warrants at 1.50 and 1.80 or 50 cents ,dead money and as the deadline approach without PNP going appreciably higher = Taxation credit.(loss). As I said we hold PNP so this no bashing, might as well borrow the money and pay interest and buy the share at least with PNP at current levels. Have seen warrants go from 2 dollars to 10 cents with no buyers.