skier59 wrote: Sorry you're wrong dude. takes 8 warrants to get 1 common share. So if the SP is $6.10 the warrants should be $6.10 - .72 = $5.38 / 8 = 67 cents = 10 bagger like the common.
However, I'm invested in both the common and the warrant. Reason being, is that let's say you sell 10,000 shares at 72. $7200/.06 = 120,000 warrants
If and when the SP gets to $10.....and I want to cash out. 120,000/8=15,000 shares
15,000 x .72 = $10,800 conversion cost + initial cost $7,200 =
$18,000 total investment $150,000 - $18,000 =
$132,000 profit 10,000 shares @ .72 = $7200 cause I only have $7200 so do I buy shares or warrants?
$10 SP x 10,000 shares = $100,000 - initial investment $7200 = $92,800 profit
BoredAccountGuy wrote:
wrong. There's SZLS.wt The exercise price is $1.10 per share. SZLS.wt is currently trading for 5.5 cents. If the stock goes to $6.10 the warrants should be at least $5.50 which would make it a 100 bagger