Post by
calgaryhhr8 on Jul 28, 2009 12:43pm
Warrants Question
Hey everyone,
I've been a long time lurker on stockhouse but finally decided to sign up. I'm a small shareholder in HRG and have been very interested in the company since Oct/Nov of last year. I've been following the discussions on here pretty closely and am glad to see the stock price finally rising (albeit at a slower than expected pace.)
Anyways, my question is with respect to the warrants of the company (HRG.WT) How are they affected by the Severstal proposed stock buy? I have a good amount of warrants and would like to know (I don't care for your opinions on buying or owning warrants.) I'm not sure if the documents which were mailed out have the answers because, to be honest, I haven't really read through the material.
If anyone can provide some information that would be greatly appreciated.
Thanks!
Comment by
Kee000 on Jul 28, 2009 1:11pm
Buying at 0.295--Isn.t that nice you get 2 percent on your money guaranteed if holding till august 10. No risk--Can somebody tell me why a person would sell for 0.295 when guasranteed.--Can,t understand that one--polly
Comment by
calgaryhhr8 on Jul 28, 2009 1:35pm
If you meant for this to be a reply to my question all I have to say is that I don't understand what you are getting at.Please attempt to be more coherent in the future or reply to appropriate posts!Thanks
Comment by
goldlust on Jul 28, 2009 1:55pm
There is usually a percentage relationship between warrants and the stock price.So, yes the warrants have value but it is hard to say what that is currently since thestock price over the last 9 months has been manipulated downward so much ithas distorted everything!