RE:Warrant-WTI have a ticket open with my brokerage for the backoffice to verify the warrant terms, they're taking forever because of covid and being shortstaffed but ill update the board when I hear back. Cheers
skier59 wrote: I'm not going to discuss the other warrant because nobody seems to know whether you need 1 or 2 of them to convert into a share. I say 2.
So, at these levels the warrant WT seems like a great deal and this is why;
10,000 shares = $6300
120,000 warrants = $6000 @ 5c.
10,000 @ $5 = $50,000 - investment $6300 = $43,700
120,000 warrants =15,000 shares @ $5 = $75,000 - investment $6000 - exercise price(72c x 15,000)$10,800 = $58,200
$58,200 - $43,700 = $14,500 additional profit when the stock hits $5
next we will do a SP at $20;
10,000 @ $20 = $200,000 - $6300 = $193,700
15,000 @ $20 = $300,000 - $16,800 = $ 283,200
$ 283,200 - $193,700 = $ 89,500 additional profits
and finally we will do a SP at $50;
10,000 @ $50 = $500,000 - $6300 = $493,700
15,000 @ $50 = $750,000 - $16,800 = $733,200
$733,200 - $493,700 = $239,500 additional profits
So, looking at what the Market has done to companies like SONA or MMED and some others, a run can happen and it can go quick, so be prepared. I have both the common shares and the warrants WT. If this puppy is as good as we hope it is, this dog should run fast when the time is right !