gldx warrant Question ?
i wondered why gldx and gcm was in such a hurry to make a deal
i think is because the warrant exp 6 may 2021
before the proposal gldx share value was 2.71 $ and now 3.70$
so is 900 000$ profit for the warrant holder versus 0 without proposal
( don t forget insider think of them first)
and what happens to futur warrants
ex : $4.00 WarrantsExpiring Oct 12, 2022 2.2M gldx share
it is not the sme as
$4.00 WarrantsExpiring Oct 12, 2022 1.52 M gcm share ( 0.694 gcm for each gldx)
imagine you exercise now
gldx at 4.10 ( 4.10-4 x 2.2 M = 220000$ profit)
gcm at 6$ ( 6-4 x 1.52M = 3 000 000$ profit )
My question do they changes the warrant price????
$1.32 Warrants Expiring Jun 12, 2024 3.4 M
$2.80 Warrants Expiring Aug 27, 2024 4.4M
$3.20 Warrants Expiring Jul 20, 2023 5.00M
$3.36 Warrants Expiring May 6, 2021 2.4M
$4.00 WarrantsExpiring Oct 12, 2022 2.2M