TSXV:APC.H - Post by User
Comment by
jmostockon Sep 19, 2018 2:34pm
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Post# 28649113
RE:Volume
RE:VolumeGoing to need news for this to move over .10 Realisticly you need this above .15 to make sense for people to exercise. Who wants to convert and hold .10 warrants-shares when the price is only .11 too risky that it could fall back below .10 Very few will bother converting if the share price is only .11 or .12
1. Let's say you have 100,000 warrants at .10 and APC is trading .12 Well if I want to just flip and take my $2,000 profit, it means you need to have this stock bid at .12 for at least 100,000
Not worth it, if there is no volume. Plus there are millions of warrants, so you'd need milliions of shares bid for all.
2. Pony up and put in new money in - $10,000. while trading at .12 and sit and hold. Now you risk new money with a potential share price drop below .10
Either way, the only way to have these warrants will be exercised by end of Nov, is some incrediblly positive news. I'm pretty sure the BOD is smart enough to know this and hence the short time frame to convert. You only reason you extend this for such a short timeframe is the BOD knows its great news coming and will get these converted.
jmo (just my opinion)