RE:Question re OGI warrants Whereas shares in a company entitles the shareholder to ownership of the company, warrants provide the warrant holder with no ownership at all.
Warrants are simply an option that allows the warrant holder to purchase shares at a specified price (called the strike price). In this case, one warrant allows you to purchase one share for $4.
Unlike shares, warrants have an expiration date. In this case it is in June (the 15th I believe). So if you purchase one warrant, it allows you to purchase one share for $4 until the expiration date. If you choose not to exercise the warrant before expiration, you don’t recover whatever you paid for it. You exercise the warrant by simply calling your broker and they exchange your one warrant for one share plus $4 that you pay for the share.
Warrants can be purchased and sold just like a share and their values fluctuates with the occilations of the related stock. They generally trade at a value equal to the share price less the strike price plus or minus a time value of money (discount or premium).
I currently own only 3,000 warrants having just sold 6,500 at a good profit.
GL to you!