TSXV:ART.H - Post by User
Comment by
tanninon Jan 19, 2021 4:00pm
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Post# 32328887
RE:Tannin - thoughts on warrants.
RE:Tannin - thoughts on warrants. Agree with you, whythenot, re the volume...obviously lots of interest; the v.strong buying that comes when the sp is pushed a penny down is also telling.
The warrants outstanding are owned by those who have put money in, whether buying pp or the debt we floated.....it's up to them when/if they exercise their warrants and buy shares from treasury/company. Obviously they will use those wts because they're 'in the money' big time. The wts cost them nothing ( the bonus for buying shares/debt direct from company ), when they are used, exercised, money+wts given to company in exchange for shares. Obviously 'cheaper' to not use wts as long as possible, thus no money out and holder sits with 'free' claim on shares. The alternate push, is to use some wts every qtr/half/yr whatever, buy shares from treasury and sell into mkt, ie, never know what tomorrow brings, cash some profit it periodically.
Either way, I'm with you, there are a lot of eyes on this stock, and lot's of purchasing power comes in when it gets a little underpriced. Very positive imo.