RE:Warrant facts and fantasyMaxmoe:
Thanks for a normal, differing opinion, without malice attached.
Just to clarify. I don't suggest any new investor buy warrants at this stage.
This is my own own exit strategy to see if I can mitigate my losses, by hopefully getting a good exchange percentage for warrants to shares.
Hoping that my averaging down will have paid off in next 20 months before expiry.
I believe i accounted for the 10:1, and well understand that warrants are 1/10th
So my 600,000 wts. at 3.50 are obviously worth .05 cents (plus time value left) = $30 grand and not $300 grand.
I suggest we all all remember these posts and see how things shake out in next year.
Warrants can be an interesting vehicle, if a stock gets on a roll they can jump dramatically on the
optimism factor whether or not its warranted (no pun intended)