RE: RE: 50-% discountWow... my comment was directed at the SAFETY portion of his claim...
FYI: LEVERAGE = RISK
But perhaps you share his view that because the common is undervalued (safe), and the warrants are leveraged to the common - that this makes them SAFER than the common.
Airtight logic there... You probably agree.... which is why you keep buying warrants that have an extraordinary chance (imho) of expiring WORTHLESS.
But keep on buying more of that "safer" asset.... tick tock.
A 10% market correction and the warrants will be back below $.10 in a FLASH.
Like I've always said though, hope I'm wrong - as I'm uber long the common.