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Healthcare Biotechnology Cannabis

"Emblem Corp is a licensed producer of medical cannabis. It is intended to cultivate and cure cannabis for medicinal use. The group operates in the business segment of production and sale of medical cannabis."

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Emblem Corp > WARRANTS

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Post by Sasha.Nik on Mar 14, 2019 10:46pm

WARRANTS

I'm really surprised that no body's pay any attention to warrants here. The potential leverage offered by the warrants at this price is nuts. Yet, the volume on the warrants is only few thousand. Crazy!

emc.wt is 30% below intrinsic value, and emc.wt.a have 20 months til expiry with srike price of $2.15, meaning ($2.28 x 0.8377) = $1.91 current aleaf share, and from $2.15, they're in the money with 20 months left to expiry at a price of .31c

What am I missing here?

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Comment by LAMBO on Mar 14, 2019 11:22pm

so does the symbol change or stay the same for the warrants? thx!

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Comment by Sasha.Nik on Mar 14, 2019 11:32pm

The release today says, it'll stay the same, soo

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Comment by brent11 on Mar 15, 2019 9:07am

Yeah. I've been buying these up for awhile now. I guess investors just aren't aware....

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Comment by Sasha.Nik on Mar 15, 2019 12:52pm

Can anyone verify if I did this right? After delisting of EMC shares, wararnts will trade under their old symbol. And the exercise price stays the same (eg. $1.75 for EMC.WT), however, the price will be based on ALEAF shares, so If ALEAF shares are say $2, then the warrants are .25c in the money? And when exercised, you will receive 0.8377 shares of ALEAF for every warrant? Correct?

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Comment by wrighton on Mar 18, 2019 10:07am

Your comments look good to me. Once EMC is delisted, and you are buying warrants for ALEF, you will need to use that .8377 adjustment factor to determine any values Today, with warrant price at .37 and ALEF share price at 2.28, you are paying .37/.8377 + 1.75 = 2.19 if you exercise the warrants. Better than buying the shares directly! By the way, there is significant leverage ...more

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Comment by bg8ts on Mar 18, 2019 1:34pm

FYI: emc.wt fair value 0.54, emc.wt.a fair value 0.66. https://canadianwarrants.com/values/current.htm#axzz5iXs9krM3

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Comment by wrighton on Mar 18, 2019 7:15pm

Mistake in my last post: 1.75 plus .37 buys .8377 ALEF shares. So for one complete share, you pay (1.75 + .37) / .8377 = 2.53, MORE than 2.28 for one ALEF share directly. Sorry!

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Comment by ArthurVandelay on Mar 18, 2019 9:43pm

Thanks for the correction, I almost replied with the same info this morning! Still, I agree with you that they are a great way to leverage. And hopefully in the money in short order.

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Comment by silversurfer1 on Mar 20, 2019 1:55pm

Hi there! I have some emblem warrans and i was wondering if i will have to exercice them? or will they convert into some alef warrants with the 0.8377 ratio ? cheers,

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