GREY:BZAMF - Post by User
Comment by
Styles76on Jul 28, 2018 9:09pm
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Post# 28381994
RE:RE:Tgod.wt
RE:RE:Tgod.wtTGOD.WT is the $3 warrants for TGOD stock. Shorter's use warrants as a guide to see how successful their short will be, and right now - TGOD.WT price + $3 strike price is significantly less than the cost of a TGOD share... I believe it's somewhere around $4.80'ish without looking. Since a warrant can be converted relatively easily into a regular share (the price discrepency with TGOD.WT is because there's a vesting period) - a major impact on the stock price can occur if someone was to buy a pile of warrants, convert them into shares, sit and vest them, then dump immediately for a profit.
I have no idea why people are not buying the warrants more though, the discount on them is huge and the cost of the warrants has been less than the fluctuation in the price of the regular shares. They are great for long investors and isolate the risk to the cost of the warrant itself.