WarrantsIt amazes me that the Warrants are trading with a $.03-.05 premium.
If you look at the normal calculation for Warrants/Options value based on Black Sholes calculation the warrants should have a $.10- $.15 premium at this time.
Here is a link to the industry standard method for calculating Warrant/Option value using "Black Sholes"
https://tradingtoday.com/black-scholes
It is my opinion that should there be a merger/takeover of BBI, the warrants would be retained and carry on in the new company.
Eg: Should a larger company offer $1.50 per share and the conversion to that copany's shares be 10 to 1 ($Their shares $15.00) then the warrants would also be converted on a 10 for one ratio and carry on to maturity in May 2021 with a $3.00 strike price.
In this senario the warrants would likely trade around $12.00+premium.
If the shares in the acquiring company moved up to say $25 then the warrants would also move up to $22+premium.
The Warrants are currently a steal IMHO