GREY:CGOOF - Post by User
Post by
barsaxon Mar 01, 2011 5:46pm
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Post# 18215346
Careful with Warrant Time Premiums
Careful with Warrant Time PremiumsIf the share price trades above$9.75 for 20 consecutive trading days CNL can force the conversion of those 6,000,000 warrants @ $7.50 within a month. If your counting on your warrant containing a time value of money premium, plus an intrinsic in the money portion, you may see the time portion vanish if CNL forces the conversion.