Actually it looks like I did make an error. These should be the correct numbers if someone wants to audit this. It looks like it is a push under $2 including borrowing fees then the margin strategy wins above $2. I will admit when I am wrong...
| Initial Stock Price | Initial Warrant Price ($0.60 trail to stock price) | Margin Requirement | Initial Margin Stock Price | Final Stock Price | Final Warrant Price | Final Margin Price | Percentage Increase Warrant | Percentage Increase Margin Stock |
| $1.55 | $1.00 | 80% | $1.24 | $1.75 | $1.15 | $1.44 | 15% | 18% - borrowing costs |
| $1.75 | $1.15 | 60% | 1.05 | $2.00 | $1.40 | $1.30 | 21.7% | 23.8% - borrowing costs |
| 2.00 | $1.40 | 50% | $1.00 | $2.50 | $1.90 | $1.50 | 35.7% | 50% - borrowing costs |
IIROC Long Positions - Margin Required
Securities selling at $2.00 or more - 50% of market value
Securities selling at $1.75 to $1.99 - 60% of market value
Securities selling at $1.50 to $1.74 - 80% of market value