RE:Here We Go AgainI hear you "retiredcf". I've held 50% warrants/50% regular shares, just to get a bit of extra leverage, as in the past, I did quite well with Xebec warrants (ultimately 10x before exiting the last of my position).
However, I sold my GRN.WT warrants between $1.15 to $1.23 this week because the market consistently refused to recognise any premium value on the warrants. The extra leverage wasn't worth it in my mind, because I was taking a bit of extra risk, but was receiving no benefit of a time premium. I consolidated the proceeds of the sale of warrants and purchased regular shares at $1.46... a bit fewer shares, but no leverage risk of warrants. p.s. I didn't sell my warrants into the bid... people had to pay my asking price.
I think Greenlane ultimately reaches a market cap value of $200 to $300 million, given the current environment, politically and regulatory, so I'm prepared to deal with volatility swings in the next few months. As I've said many times, I'm lousy at timing the market (aka a lousy trader), but 12 months out I think GRN is over $2.00, which implies over 30% upside from today... still a healthy return, even after this recent runup. GLTA
retiredcf wrote: People are still putting their wts up for sale for less than they are worth (intrinsic value). Profit taking is nice but at least get what their current value is, never mind what it might be 6 months from now. GLTA