More on the WarrantsI've noticed this year that with all the new investors who decided to tip toe into the markets because they were unable to do normal things thanks to covid, there are a lot of people who own warrants but have no real idea how they work. As a result, they sell them for pennies profit.
I stumbled into these after BC2's recommendation. These warrants have a strike price of $0.45 and an expiry date of 2 November 2023. This morning, VEXT has dropped down to $0.81 which means that the wts have an intrinsic value of $0.36. In other words, that's what they are worth today. But if you believe that the SP of VEXT will be considerably higher in mid 2023 than it is now, no one should be selling any of their warrants at all. If one of the penny grabbers does, then snap them up and salt them away. Come back in 2023 and you should be a very happy investor. All IMHO of course. Happy investing.