RE:RE:RE:Supreme Warrants (Fire.WT) One warrant will eventually convert into one share. But one must only put up a fraction of the money up front. 15 cents instead of the full $0.36. Therefore you can buy more than twice as much exposure (or shares) with the same amount of money up front.
Using my previous numbers. Canopy was at $33, therefore a return to $50 translates into roughly 50% return. Supreme would follow to about $0.58.
Take Supremes share price of $0.58 minus $0.23 ($0.23 is the exercise price of the warrants - this is the amount one will need to pay in January 2024 to convert warrants into common shares). Therefore the warrants would be worth $0.35. This is 133% return on the current $0.15 price.
Hope this helps.
Cannabiznas wrote: Apolgies, I am not following. If they are the same as the stock price where do these 50% and 120% upsides come from