RE:WARRANTSgoldman777 wrote: Okay, so I know a lot of talk has gone into this but...so the last PP was 69 million shares @ 75 cents for $52 million bucks and they came with an attached warrant which basically is equal to 1/2 of one common share, so the warrant was originally a 37 cent value and could if exercised represent another 35 million shares to the float with a year window. So at 9 cents are these things not a screaming deal if your long this stock...if the common share price goes up, the warrants will follow. A share price over 75 cents will put the warrants above 40 cents...seems like a table pounding buy.
Almost right.
One unit equals a HALF warrant. Each full warrants equals one share.
When you buy the warrant on the exchange, you are buying a FULL warrant.
And yes, they are stupid cheap, even with HIP at $.40 cents.
I expect HIP to do $1+ in the Winter, and the warrants would print $.50-$.60 because of the 5 year time value on them.
Hip was $.40 cents last Summer with chicken scratch in the bank.... now they are loaded and the stock is trading at the same level, makes no sense.