RE:Onekjs4381 wrote: One more day closing above. 94 and the warrants are triggered. I'm guessing the warrant holders will be notified in a nr on Tuesday and starting Wednesday they'll be able to exercise their warrants.
I hoping for news next week to push the sp even higher, helping to accelerate the exercising of warrants. There's a couple of lines that are due for news any day, like powder qualifacation, torch contract for earthgrid, and others. Glta
One more day.
If the company announces a shortening of the expiry date, it won't be a positive.
Based on the closing price today, warrant holders would have a zero risk arb opportunity to earn 36% overnight by selling stock and exercising the warrants.
36% risk-free won't last.
The spread between the stock price and the exercise price of the warrants will narrow.
Like I said, a creative way to finance.
Ammend the exercise price to at-the-money, and then put out news.