GREY:NMKEF - Post by User
Comment by
flard11on Jul 19, 2016 5:52pm
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Post# 25066780
RE:RE:RE:RE:RE:RE:Watch nmx.wt
RE:RE:RE:RE:RE:RE:Watch nmx.wt Diablo, I am very grateful for your reply. Thanks for confirming those are the warrants I sought out.
I am experienced with warrants and dealt with them many times in the past. These ones are unlike any I have traded before. Never heard of an exchange traded warrant being accelerated prematurely, non-trading, YES but not a warrant that trades on exchange because it is purchased on open market. This really limts the upside and takes the time benefit away. Those non-trading warrants given out at PP are simply carrotts for those already getting in below market price and I expect those to have a cap. It is ridiculous to do that for a traded warrant. One should use caution purchasing these warrants due to upside cap restriction. Currently they are trading 0.30-0.34 for a strike of 1.50 just like an unrestricted time to expiry warrant. Even at that they are overpriced. Warrants with further out expiry dates are what generates the price (leverage). Thanks !