Post by
islandbrook on Aug 02, 2024 1:06pm
Warrent Expiry
tamarack implied that the warrents will be under pressure due to a wave of selling pressure. To be long these warrents ,holders had to purchase stock at $1.00. Thus thier aveerage cost after exercising at $0.75 will be $0.875. After holding for over a year and one half ,do not expect heavy selling as holders dump to get even. Once again tamarack is wrong.
Comment by
filoux004 on Aug 02, 2024 1:16pm
Excellent point. But then the question remains do they take a capital loss or they continue to hold and not exercise??...ie no new money into the treasury???. Tx for the head up. Glta and DD. SP .80c
Comment by
tamaracktop on Aug 02, 2024 1:19pm
Your logic is inherently flawed from the start. All of it. People who are long the stock can arb the warrants and reduce their original ACB by the amount of the spread they skim without the agony of having even more shares than they originally bought. That's what you're seeing. Look at the stock. I'm afraid it's not me that's wrong friend, it's you.
Comment by
filoux004 on Aug 02, 2024 1:21pm
Excellent point TT. Thanks
Comment by
tamaracktop on Aug 02, 2024 1:25pm
And where exactly did I "imply that the warrants will be under pressure "? I never implied anything even remotely suggested that. The "warrents" don't trade. Thus they can't be under pressure, under any circumstances. Nevertheless, your post is popular. Surprise Surprise.