GREY:BZAMF - Post by User
Comment by
UserErroron Sep 19, 2018 2:08pm
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Post# 28648841
RE:RE:RE:ACB and TGOD.wt
RE:RE:RE:ACB and TGOD.wt
ValueInvestor8 wrote: It’s for a full share....at first I thought the discount was because of the hold period until May 02 2019 now I think the market is just mispricing and there’s an oppprtunity here...
the discount is currently over 3.50....the discount is larger than the actual price of the warrant.
It's fully because of the fact that there is a hold period until May 2019 on the shares that you would receive.
I do not agree with this discount, so it's a buying opportunity, but that's why it has the discount. A lot of players won't touch something that has a restriction like that. If you were long TGOD, and plan to hold it for years to come, the warrant is absolutely the way to go.
Also, as May starts getting closer, the discount will dimish to par, and then start to trade at a premium.