RE:RE:RE:Bulk of warrants have 35¢ stike price - resistance @$0.35?ChupacabraBueno wrote: riverrrow wrote: The 35 cent warrants won't be exercised until the day before expiry in August 2024. At that time TLT share price will be somewhere between $5 and $15. GLTA.
I suppose warrants that trade don't get exercised early because you can simply trade the warrant rather than the stock.
I like your target of $5-15 in August 2024. I'd like to hear more from you as to how you came up with it.
Many thanks!
I'll not do the calcs for River, but by my calcs I'm getting ~290M total shares/warrants outstanding. So a $1.5B US buyout offer would get us close to that $5 per share, again in US $$. A $4.5B US offer gets us close to the $15 per share price. I think If TLT can demonstrate multiple cancer/covid indications, has that NMIBC product to market, then we should get buyout offers above this range.