Post by
CopperWave on Mar 04, 2021 1:52pm
Warrants + Shares
Unfortunately these warrants continue to do damage. The value of the warrants still sits at $0.20/sh (which at least is good news since they think the price will exceed exercise price of $1.25), and the stock price is $0.81/sh, putting the net value of the two at $1.01/sh. Therefore, PP investors are still at a profit. Seems we could see this go as low as $0.75/sh if warrants hold at $0.20/sh, as the floor, to be at the breakeven purchase price of $0.95/sh.
Comment by
shahabstarship on Mar 04, 2021 2:00pm
What a wash.. and still no panic for the warrant holders...
Comment by
Coppergirl on Mar 04, 2021 2:09pm
Oops might break .70 my guess yep warrants way over priced
Comment by
CopperWave on Mar 04, 2021 2:31pm
I doubt we'll see $0.70 but who knows at this point? PP holders are probably comfortable selling this down because they are still green. Pushing the share price down below their breakeven price doesn't make sense to me. We should be at the floor hopefully.