RE:RE:RE:RE:RE:Today you've seen a perfect example 6%-7% returns is not particularly valid here.
To calculate a return requires and initial investment and net proceeds in order to calculate.
Here there is no downstroke on the part of people arbing the warrants.
The transactions are simultaneous.
The people doing it are making money without putting up anything.
There is absolutely no reason to exercise any of the outstanding warrants before their expiry dates other than to simultaneously sell the shares.
Why would anyone add 75 cents of risk by exercising unless their intention is to immediately sell the shares?