ALO.WT verify valuationI have some former tmm.wt warrants and have been waiting to learn how the consolidation affects their valuation. Now they appear to have been revaluated at 1:1 as alo.wt on the same terms... meaning for a current price of .175 a warrant I can buy ALO shares anytime before next May at a guaranteed price of $7.00 CDN/share.
Maybe my math is off, but is not this a massive increase in their valuation,? As a pure ratio $1.75 a warrant would reflect the premium warrant owners were willing to pay before the consolidation.
I would appreciate a seasoned warrant-investor's perspective on this.