RE: RE: RE: RE: conversion of prfered The warrant is exchangeable for one new share as soon as the new share hit $29.25 , you have 10 years to exercise the right to buy a new share.
No. Each warrant gives you the right to buy one common share for $29.25. You can exercise the warrant any time in the next 10 years, but if the common share price is less than $29.25 at the time when you exercise the warrant you will be making a very bad decision.