RE:RE:RE:RE:RE:RE:The Wallzzzzzzzzzz ........ will ...... FallzzzzzzzzzzzYes Oz, the warrants will trade closer and closer to their intrinsic value (or lack thereof) as they get close to expirey, thus the first series goes (by memory) to around January 2022 and the A series have an additional 6 months. I don't remember the exact numbers but about 200 million 22 cent A's and 300 million older 20 cent warrants.
One thing to remember is that a great number of them are held tightly by the big investors (Pala and others) and the ones that are bouncing around in the market today are likely from smaller participants in the financings and, quite likely, from the broker / dealers who excercised their over alotment options and or payment shares from putting together the financings (how they get paid.)
If we (total guessing here) say that 10% are bouncing around right now that = 50 million warrants of both series. I have about 3.4 million of'm and I know of another about 10 million that are in likely tight hands. I have no idea how many some other posters here like patch, betteryear and ttc and a couple or rocks have but I suspect they collectively own a bunch too. SO in reality the amount of warrants availble for purchase may be spoty... depending on mood and the pull of the moon.
Cheers,
N
ozkan123 wrote: Notgnu, thanks for the analogy. I did know that buying warrants were for future betting on the company but where my misunderstanding came in is that exercise timeframe is quite long.
July 29, 2022 is the deadline to exercise it.
So assuming that warrants are still available a year from now, and share price also stays close to where it is now, then the warrant price will drop, therefore warrant price + exercise price will be at or lower than the share price, which is opposite of where it is today.
How do you find out how many warrants are still available? and also I assume that the warrant that's available right now is the A warrant?
Again, thanks for replying back, appreciate it.