Novo Resources Corp T.NVO

Puzzled

[gatewa]

Warrants at $2.55 Canadian = $2.04 US.
Why are we trading below warrant price

[HuberPeter]

2,55 common share + 1/2 warrant at 3 cad priced in means 'fair' value at 2,38 cad  Peter 

[HuberPeter]

Ups, mistake  2,43

[TXRogers]

There is transfer trade likely taking place with credited investors eligible for the SW PP.  They are selling.  These are the ones that participated in the last PP and can take advantage of the sale of currently publicly traded NVO.WT vehicles as well. What that achieves for those investors is a paper swap resulting in refreshed warrant holdings at a much lower strike price vis the