TSXV:CLAS.H - Post by User
Comment by
JamesNeven1983on Dec 01, 2019 11:07pm
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Post# 30411862
RE:RE:Glad I bought the warrants
RE:RE:Glad I bought the warrantsI got the B warrants too .. and I am greatful lol
Jack4000 wrote: Had about 400 k of the A’s I have been wanting to sell and convert to Bs knowing I would have to take a two for one hit or something similar. Just didn’t get around to it.
Friday I couldn’t believe what I saw- As at 1 1/2 and Bs at 1 and ask at 1 1/2 with 70 on the bid. It was around 3:15 and I knew I had to act fast. I immediately put in a bid for 300 k at one cent knowing I’d have to go to one and one half then went about liquidation my As in various accounts at market (1).
I checked back back in my cash account and the order for 300 k of the Bs was filled at one cent!
So, I put in orders for one cent good till Tuesday on my various accounts. Probably have to go one and a half but, I’ve effectively traded my A’s one-for-one for Bs. Very pleased as I thought I may have to go three to one possibly.
As for the strange abnormally I can only attribute it to be B Wt holders who thought last Monday’s wt amendment meant the Bs rather than the debenture wts and because of the clawback of the lifespan, freaked and deemed the A’s to be of greater value even though its strike is almost times as high.
Thank you for the wts former B wt holders - whomever you are!!!