RE:RE:RE:RE:RE:RE:RE:RE:January 9th warrantstoade1313 wrote: And whenever someone asks why with all the things going for TLT do we still see the SP in these low ranges, IMHO I simply say look at all the warrant extensions. Why buy the regular shares especially when we see the delution from the extensions? Not extending the warrant, in my mind, is like a share buyback. Fewer shares out there. And I agree with those that say it will be quite awhile before they get excercised and money flows into the company. Am I still bullish on the prospects for the company? Of course I am. I'm just not bullish on how managements is handling the warrants. Full disclosure I do not own any warrants. Off topic a bit, I do not IMHO believe management keeps earning options each year. They should be rewarded WHEN the SP justifies it. Off my soap box now.
I'll throw my take on warrants since I own a bunch of the tradable. I believe most(all?) of the other non-tradable warrants are currently owned by friendlies. So Insiders, friends of insiders, longs like myself. Extending those until they are viable and well in the money makes sense. Look at all the Money TLT management used to buy back stock recently and participate in the latest PP. Maybe that couldn't have happened if they had exercised. Which would have been wrong anyway considering current $SP. So they cut themselves a break and later the company will benefit when those warrants ARE in the money.