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Lifeist Wellness Inc V.LFST

Alternate Symbol(s):  LFSWF

Lifeist Wellness Inc. is a Canada-based health-tech company. The Company leverages advancements in science and technology to develop innovative products to support human wellness and transform lives. The Company's key asset is its United States biosciences subsidiary Mikra Cellular Sciences Inc. (Mikra), a biosciences and consumer wellness company focused on developing and selling products. Mikra's products consists of Focus, Protect, Serenity, and CELLF.


TSXV:LFST - Post by User

Bullboard Posts
Comment by marvelmakeron Nov 02, 2018 8:41am
114 Views
Post# 28912973

RE:Discussion of Namaste Warrants

RE:Discussion of Namaste WarrantsThanks - the only thing I would add is if you sell at the right time, you can actually use some of your warrant holdings to pay for the $3.15 exercise price. For example, let's say I have 11000 N.wt warrants at an average price of $1.27 per warrant. The stock price reaches $6 and above and they become accelerated expiry. Lagging the shares, I decide to sell about 4000 of my n.wt warrants at $5.51 when the share price is at about $6.81 (these are hypothetical but realistic considering the spread and time value). I get about $22000 in proceeds from selling 4000 warrants. I can then exercise the remaining 7000 warrants at $3.15 for roughly $22000 and I have 7000 shares of Namaste. Just an example but for those fully vested you don't have to come up with lots of money to pay the conversion price.
Bullboard Posts