RE:RE:RE:RE:RE:RE:Warrants My plan when I bought the warrants was to hold them until 2022 / early 2023 latest so I am more interested in putting any new money towards averaging down my existing warrants rather than trying to confirm the conversion ratio. For myself I will go with the lower conversion ratio and cross my fingers for an update from the company that they made an oversight on the warrants and that the more favorable ratio applies.
One more note.. we were originally notifed that the company was going to do a 8:1 consolidation then they knocked it down to 4:1. If you look over the warrant pricing then you will see that the pricing actually did not react to either bit of news, they remained trading in a narrow band while traders expected 8:1 and remainded the same for the news on the 4:1 ratio. Considering where the shareprice is from the dates that those pieces of news were made public it is very reasonable to expect the warrants are undervalued based on today's pricing (even with the pullback of this week).
Warrants move slow. You will see that noted in many articles regarding warrant trading and you should be noticing it if you have been watching the HIP-WT-A warrants trade. These are for investors who have a long timeline commitments, not great for any sort of daily or weekly trading / flipping.
With all that said... sorry, I will not be experimenting with a warrant exercise to confirm the ratio. I trust my broker will confirm with HEXO and convey the current instructions back to me.
Have a great weekend.
Q
Hungmunculus wrote: Someone could always exercise a warrant and see what the outcome was and post pictures of the results.
Greenshooes wrote: The answer lies in Business Law imo. I think it’s 15-1 with aggregate @$15.79. I don’t think the aggregate of 63-1 applies to Tsx Canadian holders. Q Keep on that broker man To get a definite. If the reality is 63-1 and an aggregate $63. This investment blows bad ...sorry #greenshooes