RE: Warrants vs. Stock Warrants offer more upside than the stock due to their leverage. Here's a simple spreadsheet for the 2015 warrants: Shows the gain you would have with holding the stock vs the warrants given various possible stock prices upon expiration of warrants.
| | SSL SHARE Price | | SSL.WT.A Value | |
| Market Prices | $ 13.66 | | $ 1.87 | |
| If exercised today | $ 13.66 | | $ 1.73 | |
| | | | | |
| Future prices upon exercise of warrants |
| Hypothetical Future Prices on day of expiration of warrant | SSL SHARE Price | % Gain from today's price | SSL.WT.A Value | % Gain from today's price |
| | $15.00 | 9.8% | $2.00 | 7.0% |
| | $16.00 | 17.1% | $2.20 | 17.6% |
| | $17.00 | 24.5% | $2.40 | 28.3% |
| | $18.00 | 31.8% | $2.60 | 39.0% |
| | $19.00 | 39.1% | $2.80 | 49.7% |
| | $20.00 | 46.4% | $3.00 | 60.4% |
| | $21.00 | 53.7% | $3.20 | 71.1% |
| | $22.00 | 61.1% | $3.40 | 81.8% |
| | $23.00 | 68.4% | $3.60 | 92.5% |
| | $24.00 | 75.7% | $3.80 | 103.2% |
| | $25.00 | 83.0% | $4.00 | 113.9% |
| | $26.00 | 90.3% | $4.20 | 124.6% |
| | $27.00 | 97.7% | $4.40 | 135.3% |
| | $28.00 | 105.0% | $4.60 | 146.0% |
| | $29.00 | 112.3% | $4.80 | 156.7% |
| | $30.00 | 119.6% | $5.00 | 167.4% |
| | $31.00 | 126.9% | $5.20 | 178.1% |
| | $32.00 | 134.3% | $5.40 | 188.8% |
| | $33.00 | 141.6% | $5.60 | 199.5% |