Explantions of warrants pleaseHi,
I'm new to market, well a year max that I'm in, same for SWY.
I was looking at this bullboard and I was wondering what were warrants, well I got a small idea, but what are the impact of the warrants at 0.90. On the site below, I saw that there were 94.3 millions of warrants that will expire on July 8th.
What does that mean?
Qts 1: People have until July 8th to sell their shares for a 0.90$? What happends if the value of swy is above 0.90?
Qts 2: What happen if people don't use their warrants before July 8th.
Qts 3: What negative impact can have warrants?
Thanks for your time guys!
https://canadianwarrants.com/company/s/SWY.html
Address: 116 - 980 1st St W
North Vancouver BC V7P 3N4
Phone: 604 983 7750
Fax: 604 987 7107
Website - https://www.stornowaydiamonds.com/
Warrant Symbol - SWY.WT.A
Number Trading - 94.3 million
Expiration Date - July 8, 2016
Cusip - 86222Q 18 6
Exercise Price - $0.90