RE:RE:RE:RE:RE:RE:RE:RE:Any idea why the new warrants are priced That sounds like prudent advice, Jonny. With respect, I'm confident that you will have a clearer understanding after calling your brokerage on Monday.
CanadianWarrants.com will hopefully include the new SZLS.WS warrants in their table of warrant values once they update it by Dec. 8 or so. In that table, under the "Wts per Share" column, you will find a "1" for the WS warrants, and NOT a "2" which would have supported your thesis. Immediately after the share consolidation, their table was updated with an "8" for the WT warrants.
Good luck!
Jonnyboy85 wrote: Best thing to do is call your brokerage, they have custodial teams that deal with investment vehicle inventories and they can look at the terms of each warrant and explain the differences between WT and WS to you. Like Lith said, warrants are tricky right up until they they aren't, and if you still feel confused or uncertain, it's best to talk to someone first before spending your hard earned money on something that you could make a mistake with.
Jonnyboy85 wrote: Thats not quite right, the warrants that are up for sale are the same half warrants that were offered. The warrant holders can't modify the terms of the warrants they've recieved when they sell them, so they are exactly as they got them. So half warrants, just like the WT require you buy 8 to exercise to 1 share, you will have to buy 2 WS in order to exercise to 1 share. Maybe I'm just misreading what you're writing and this post was pointless but it seems to me you think if you purchase one WS at 0.16 you can convert that to one share but you can't, you have to buy 2 which would cost 0.32.
Str8Shuter wrote: Neither WS nor WT are partial warrants. They are both full warrants. You can't trade in half-warrants. The half warrants were just the incentive for the investors who participated in the most recent public offering. Each full DEC/23 warrant (i.e. two half warrants) is tradable as SZLS.WS.
There is no conversion factor for the WS warrants as there is for WT. A single WS warrant allows the holder to buy a single common share of SZLS, whereas you will need 8 WT to buy a single common share when the warrants are exercised. So, InvrsContrarian's math and analysis was mostly correct. GLTA
davewho wrote: sorry I see the szls.ws closed at 16 cents according to TD. So if each is a half warrant. It would be 16+16+1.10 = 1.42 to be in the money if you are planning to hold them. Trading them is completely different strategy.