RE:RE:RE:RE:RE:RE:RE:RE:RE:Holistic Choice Pet Food???I will add only that if a company gets taken out a premium than the warrants will trade up relative to the offer price.
Example: if JTR announced tomorrow (this is hypothetical!!) that it has an offer to be taken out at $3 a share the commons will likely jump to around $3 and the warrants will jump to around $1.80 ($3 minus the $1.20 strike price). You can trade in and out of shares and warrants while waiting for the takeover to finalize.
And re: any potential takeover of JTR....the company has alluded many times in conference calls that the organic and healthy food sector is always consolidating. It's easier for a company like Campbell's to buy a Greenspace than to start their own product lines. Matt von T projects that JTR will one day be a target. That being said I do not think they have any desire to sell right now unless a takeover offer was well over $3, and Matt has mused to me that between him, other officers, their families and friends they likely hold enough shares to ward off any lowball offer in the short term. I'm pretty comfy with Matt at the helm and currently would vote my shares for any recommendation he makes to us, accept or reject. This is one of those rare instances where I feel management and shareholder interests are truly aligned short and longer term.
Best,
El Joro