RE:RE:RE:RE:RE:RE:RE:RE:January 9th warrants
toade1313 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.
As a non warrant holder, such dilution is certainly never favorable in the short term. But since we are here for the longer term, such dilution will be more than offset by future value...all imo. Are multiple extensions necessary? I believe not, but then again, I never took the initial risk....I don't mind reasonable dilution for those who took risk on my behalf (so to speak). The strike price & 1 yr extension for the defined number of warrants is not extraordinary or super unreasonable, & it will ultimately mean very little for us non warrant holders in the long term. Once we find a healthy partner (hoping in next 12 months), this discussion should only be a brief afterthought (at most)...All imo. Good luck....