TSXV:EVE.H - Post by User
Comment by
HaumerSon Sep 12, 2019 8:08am
88 Views
Post# 30119030
RE:RE:RE:RE:RE:RE:MMCAP
RE:RE:RE:RE:RE:RE:MMCAP MJ MadeMeRich wrote: The only thing I have to add...
I forgot about the 35C warrants. So MMCAP can realistically sell them for 5C and make a massive profit off each sale. This is also realistic because the buyer would be betting 5C that EVE would be trading above 40C(Breakeven 5+35=40). If Eve goes down, whatever, they lost 5C but if they go up.... alot! oh boy, you'll be converting those warrants at the speed of light. Again, lets see what these warrants trade for, it can actually help boost EVE SP.
MJ MadeMeRich wrote:
Lets see what the warrants trade for in the upcoming days. If they can get 10cents for a warrant, that can bring the price of common shares down to 40C.... which they could unload between 40-46C to make another 10-15% while giving the new holder of the warrants an attractive price point for entry.
The problem is, this new holder of the warrants would have to bet 10Cents per warrant that the SP would go above 70C (Cost of warrant plus conversion of warrant (10+60)).
If price goes above 70C, you convert and sell for a profit. If price stays below 70C, you just lost 10C for the warrant come expiration.
I wonder if it was MMCAP that requested the warrants become tradable... to recover some sort of cost (implying MMCAP doesn't believe EVE SP will rise above 60Cents before expiration) or if it was EVE... (which would imply MMCAP doesn't plan to exercise warrants so EVE is basically looking for a new buyer for the Warrants so they can convert come due time).
Either way, lets see what the warrants trade for.... the higher the number, the more belief and risk people are taking in EVE to go above 60C + cost of warrants.
You said it would reach $2.00 last year when it was .55c. Look at the volume and stop pumping.
What do you expect with a so low volume. They didn't even get the licence for their expension. EVE didn't deliver their package asked by HC, needed to get the licence. They need to do so first. Look at the low volume. I will take the train if and when it is worth it. It is incredible all the cr ap we see on these boards.
If you expect to become rich, you will have to wait. The reality is that the companies missed their target. For example, ACB had a very good quarter but missed their revenue target by 10%. There will be a drop this morning but the future look great. Their QR is great beside the missed revenue target. They still have a gross margin of 58% which look great for the future. The problem I see with EVE is that they are late in the game. It doesn't mean they will not be successful. In fact, I think they will but it will take a lot more time than you expect. I don't want my money stuck and the spread is very narrow, so trading it is not interesting. I still have a buy order at .25c but only for a few thousand shares.
Try to liquidate your shares quickly if you have many thousands of them. If you sell them too fast, you will affect the price to go down greatly with such a low volume. Now, take a dozen people doing so.