RE:Warrants Leverage Extreme Example
Your math is correct. Though I guess it would still be more profitable to just sell the warrants. at 100, there is 93.46 of intrinsic value and at least 1.50-2 for time value remaining. Let's say 1.54 for rounding up. So at 95$ your 23809 would fetch 2 261 855$. 135K more. In fact, until CVE reinstate a dividend, and there is a lot of time remaining until the 60 months, there is no reason to convert.