GREY:BZAMF - Post by User
Comment by
UserErroron May 01, 2018 9:31am
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Post# 27963491
RE:RE:RE:RE:RE:Warrants
RE:RE:RE:RE:RE:Warrants No one is giving clear answers to this question.
The only warrants that will be traded on the exchange will be the ones received for the $1.65 private placement.
If you took part in the $1.15 raise, then your warrants have a hold period of 6 months, but I am not sure if they will be listed on the exchange after Nov 2nd.
If you're new to warrants, let me give you this piece of advice. The only reason why you would ever convert your warrants would be if the company decided to pay a dividend (still might not be worth it), or if you want to be able to vote on something.
Your warrants provide leveraged return so there is actually a drawback to exercising them. You have to pay more money to get the same return. Ideally, the company never calls these warrants and you exercise them in the last month before they expire.
Alternatively, you could want out of this investment and you want to start the clock on the hold period associated with the warrant shares, so you want to exercise them ASAP. Although, the hold period for the warrant shares was based on the PP closing date, so for the $1.15 raise it's already over.
I may be wrong on a couple of these points because the term sheet is not very clear. I think I'm right though. (I hope the warrants are listed in November:)