Warrants Another great day for Equinox. Can someone explain the warrants to me?
Warrants today are at $0.69. They expire Oct 2021 so plenty of time. The strike is technically $15 with the share consolidation. The stock is almost at $15 this am so if it goes to $25, that means the holder technically would make a 14 bagger ($10 dividend by $0.69). This seems insane. Am I looking at this correctly?