RE:Warrants and options expiring
My dream scenario is
- TLT gets the 540, 630 and 720 data in the next month or two
- it looks great with durable response
- spikes price to over 0.35
- warrants are redeemed for 20m in cash (although dilutes stock a bit, sigh)
- no more PPs for a while
- fast roll on phase 1 with the cash infusion.
But not likely. Sigh.
Just out of curiousity, 0.35 is a break even strike price on the warrants. But what price would stock have to be to be worth exercising?
67 million is a lot of shares.
Let's say that the share price is around 0.37. That means that you could redeem the warrants and theoretically sell them immediately for 0.37 and make a tiny profit. But that number of shares would crash the prices so you wouldn't sell or wouldn't even bother exercising warrants?
Just curious even though none of it likely to happen.