The Vacuum CleanerEarlier I posted on the A series warrants. Today these warrants were up 33% to close at 40 cents. There was one buyer on the day: RBC Capital Markets. They vacuumed up 328,000 warrants. That volume is the third highest in a year. The A series warrants are richly priced at 40 cents and really should be in the 35 - 36 area.
I'm wondering if a fund intends on accumulating a large position of shares. Warrants give a huge amount of leverage and allow the Vacuum to profit handsomely with a move higher.