Post by
jermiah777 on Apr 25, 2022 9:06pm
EWG WARRANTS
EWG will have warrants trading on the cse now. EWG.WT They have an exercise price of 75 cents and are good for over 2 years. Actually their good until end of 2024. So I wonder what they will trade for in the 1st week? If we knew for sure EWG will make 1.20 in the next year, then that is a triple for owning the stock. But if the share price reaches 1.20 in the next year then the warrants have to sell for at least 45 cents since they are in the money by 45 cents. So if thecwarrants sell for 15 cents or less, then the warrants also would deliver a triple if share price goes to 1.20. But if it goes up more than 1.20, then the warrants would be the best deal since you can get almost 3 times as many of them as the shares. But this is all theory. Who knows?
Comment by
jermiah777 on Apr 25, 2022 10:52pm
I see this as great news. The company wants all these warrants to be exercised. Their are 5201999 warrants x by 75 cents = 3.9 million And the share count only gets diluted by about 4%. So to ensure that they all get exercised, share price must go above 75 cents. And substantially above. So cheers....im convinced we are going above a dollar within 6 months
Comment by
skip3 on May 02, 2022 12:28pm
or maybe they will let the go to 3cents like they did the last time