Pontus Protein Ltd V.HULK.H

Alternate Symbol(s): HLKKF

Consumer Defensive Farm Products

Pontus Protein Ltd. is a Canada-based agricultural food and technology company focused on creating and acquiring technology. The Company has artificial intelligence (AI)-engineered robots, combined with its proprietary vertical farming. The Company delivers foods and nutrients to every diet in a closed, controlled environment, avoiding all pesticides and genetically modified organisms (GMOs). The Company is focused on production of organic plant-based protein products. It specializes in aquaponic farming through the employment of its closed environment vertical aquaponics system (CEVAS), a network of automated bio-secure indoor aquaponic farms utilizing AI, to produce a non-GMO, organic plant-based protein product called Pontus Protein Powder. Pontus Protein Powder is designed to be added to enhance the nutrition profile of food and drinks, at home or for food producers. Its water lentils are grown without the use of solvents, chemicals, dyes, additives, preservatives, or pesticides.

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Pontus Protein Ltd > How to exercise warrants?

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Comment by Blgvisclosedon Feb 10, 2021 10:24pm

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Post# 32534045

RE:How to exercise warrants?

bullsandbears wrote:
What a mess this DRS was from frontfundr.

Emailed today to get the updated DRS, but not holding my breath.

Question for you seasoned vets, how do you excersise the warrant options? Is this done through your brokerage, or do you physically send the warrant certificate to pontus? If it's physically sending it, I assume it would make sense to wait for exercised options to come in to transfer to brokerage to hopefully avoid paying fees twice? Questrade appears to be $300!

ANSWER

So you physically send in the certificate of warrants into your broker. I am with TD, so they provide a physical mailing address to mail it in. (Or email) They process it and generally after they process it, usually 3 to 5 business days thenwarrants will appear in your investment account. They will appear with a value that NEVER changes....like 5,000 shares at .30c (or however many warrwnts you own). They just sit in the account. Now, when the time comes where tou are legally allowed to EXERCISE them and buy shares with them, you contact your investment company to execute them (TD does not allow you to manually execute them via their app, an actual phone call is required, so not sure with questtrade)

Now....DO NOT FORGET to send in your PROOF OF PURCHASE FOR YOUR SHARES ON THE DRS STATEMENT......you MUST send in proof that you purchased at .15c from frontfundr (basically send in your printout from frontfundr account). If you dont send this in, you will need to resubmit that AND pay another fee for submission.

Yeah all brokers charge for warrants and drs statements to "process" the paperwork.
Hope you make big $$$$