GREY:NEVDQ - Post by User
Comment by
westcoast1000on Apr 17, 2021 8:59pm
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Post# 33018065
RE:RE:RE:Which warrants
RE:RE:RE:Which warrantsThe extra six months of time for the A warrants is worth the slight extra cost to buy and execute, IMHO. But that is my personal view. An extra 6 months also allows more time for warrant price appreciation as the share price goes up.
After the first set of warrants are in the money if/when the share price hits .20, I expect we will find the warrant price goes up steadily with the share price. If not, they provide an arbitrage opportunity. Also we will likely find they have no more time value, even if there are several months left. In other words they will likely trade at the share price, minus the exercize price plus the initial cost, which for those who recieved them in financing is zero.
I hold about 40/60 percent shares to warrants.
Despite what others say here, they are a financial instument that effectively give the right to a new share at the exercize price. They cannot be cancelled without lawsuits. That would be like cancelling a share class. They could be called in before the end date if they are in the money, to get the capital for NCU sooner. All in my own limited humble opinion.