GREY:MBLKF - Post by User
Comment by
wrightonon Mar 01, 2013 8:37pm
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Post# 21065501
RE: warrants
RE: warrants Owning the warrants has been really frustrating. The only reason I can think of for their depressing performance is that the market didn't think Mega would have a good quarter, and perhaps share price wouldn't appreciate significantly during the final two years of the warrants. Analyst estimates were along the lines of .17 per share, I think, with one recent analyst downgrade to .15 per share. Results announced today were better than that, and the last-minute bump in warrant price may reflect a better outlook for earnings. As of close today (.165), intrinsic value is .125, so time value is .04, which I believe still doesn't reflect belief in a much higher share price.