RE:RE:RE:Question on Warrants?Hi! You can convert them to shares anytime before Feb 2023. So basically until then you trade them for regular shares (at .35 per share), or sell them as warrants. After Feb 2023 they expire, which means you they essentially go *poof* and disappear.
So warrants are like reserving the right to buy the stock at a certain price for a certain time. After that time frame though, you don't hold anything (essentially they disappear). So for this reason, this is why they are discounted so much, because there is higher risk involved (check out TGIF warrants for an example of how this can go bad).
However, given the unpresidented situation where this stock is trading above it's strike price (.35) AND you can buy warrants for no premium (basically when the strike price + the warrant price are LESS THAN THE MARKET PRICE OF THE SHARE) AND the warrant expiry date is 2 years away this is a no brainer money maker.
I hold 160 k in warrants, and I wish i had the cash to buy more because at the current price, this is simply one of the best deals i've ever seen.