RE:RE:RE:RE:RE:RE:January 9th warrants
enrique, no one is required to excercise any of the warrants until the day of expiry. The tradeable ones are even worse as there is no way anyone would exercise them early when there is a liquid market for them to sell to. I believe you are one of very few that will exercise when the stock hits the strike price when you may have 1+ year of time value left in them. It doesn't make very good financial sense to execise unless you want to sell and take profits. The liklihood is, very few will convert early, TLT will need to raise again, then we will have to issue more warrants, and still have a ton at low prices. Answer this question, if management thinks the price will be much higher in 1 year, why extend .25, 35 and 50 cent warrants as you are basically committing to a financing at those prices a year out. If the answer is that the company is trying to be nice to the investors that bought back in 2019, like Ben said, that's not very ethical as they are picking and choosing which shareholders are most important. It may b accurate, but far from ethical...