RE:RE:RE:RE:RE:RE:RE:RE:Someone can explai how the Public offer works.13 give you 1 unit and 1 warrant at .16, that mean you'll paid 2 units for .29
I don't understand...
What do you prefer to pay :
- .29 for 2 units or
- .16 ( 2 * .08) for 2 units
Maybe I miss something, someone can help me, because I'm not smart and I was washing dishes in a cheap restaurant before Covid-19.
Thanks for your help
MJVigilante wrote: Please understand this. People are not buying shares at 13 cents when they are trading at 9 cents.
People are buying shares at 9 cents and a 5 year warrant with a 16 cent strike price for 4 cents. If the price goes up or down the cost of the warranty does as well. at 13 cents the warrants are free.
people wil only do this if they feel the warrants are worth it. i say they are worth 3-5 cents so the price makes sense still to me. It sold out in two days, so i am not alone.
Covid19Investor wrote: SP is in fact at .09 and the public offer still at .13.
That mean nobody will buy and the the public offer will fail ?
buddyboybruce wrote: Covid19Investor wrote: They offer for .13, but the SP is .09 ?
Thanks,
The weighted average trading price of the ZENA Common Shares on the Toronto Stock Exchange (the "TSX") for the 5-day period ending on June 18, 2020 (before the offer) was 15 cents. The offer of 13 cents a discount to the market at that point in time. To understand why, perhaps, the SP is 0.09, I would recommend googling zenabis short selling financiers.