RE:RE:RE:RE:RE:.4 of a Warrat? How did I get this wrong? Did it Change? Schocor, Can you copypast this info?
I've worked with warrants more than once in the past, and I've never experienced what you write. A warrant is a right to buy a share, in this case you need 2 to buy one share, what will it cost you ? CAN1.71
If the price is lower than this 1.71 you buy your shares in the ordinary way , if the price is lower at the end of the term, (which is 2 years?), the warrant expires worthless. Theoretically, if the Nomad price goes up to CAN10, the warrant will have a value of about +/- CAN 8, and you can buy a new share for the CAN1.71, but it is likely that Nomad will execute the warrant early (before the expiration date). Nomad has no interest in not having the warrant executed, this is money they are already taking into account.