RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Went to the Horses mouthWHVWHV wrote: I suppose I should have said 'I am not expecting a large sale or sell on warrant redemeption'. Also let me be absolutely clear, Haywood reps advise their clients, they feed them information, but every single trading decision is absolutely the decision of the client. Some reps are more conservative, some are more aggressive, but still the decision on actions in an account is always the decision of the investor. Wise investors consider all infomation available to them and then decide for themselves.
With regards to the issue of warrants What the hell are you talking about? Do you have any idea how this works? If I am redeeming warrants for $1.00 and intend to hold them, it makes no difference at what price the shares which are being redeemed are trading. I will give the broker $1.00 for every share I am redeeming regardless where the shares are trading. If I so choose I have anywhere up to three days before warrant expiry to redeem the warrants. If the price of the shares dropped to 50 cents or any where below 98 cents any time before redemption I would buy the shares off the market, pay the commission, and and let the warrants expire. Do you not understand how this all works?
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Yes but if someone who has warrants usually has shares they have bought in the open market... and maybe they do not have the cash to exercise the warrants ... so what they do is sell thier shares in the open market to raise $$$ to exercise the warrant,,,, not saying that is happeening now but it does happen alot... also some funds have to rebalance thier holdings so they sell shares again in the open market and scoop up the warrants keeping thier % of holdings in line .. that also happens .. once again not saying this is happenning now but there are a ton of different examples of this..