StageZero Life Sciences Ltd T.SZLS

Any idea why the new warrants are priced

[Northerencents]

Higher a sign of sp futures?

[LithLover]

Higher offering price, higher warrant price and only a half warrant per share in the offering.  Yes future looks brighter.  Don't have to give as much away 

[InvrsContrarian]

I think this was brought up earlier. Well here goes, the ".wt" warrants have over 66 million in circulation, while the ".ws" have about 4.6 million. Less market more volatily. Less chance that people will buy them. Also the wt warrants need an 8 to 1 to convert to a single share at a price of $0.72 while then ws warrant need a 2 to 1 to convert to a single share of $1.10. While

[InvrsContrarian]

Ok corrected here for the ws warrants. Each Warrant is exercisable to purchase one Common Share at any time prior to December 4, 2023 at a price of $1.10 per Common Share. There's your answer as to why the warrants are price higher. In actual fact: at wt.0.07x8=0.56+0.72=1.28 Ws. 0.18+1.10=1.28 So someone got a bargain first thing this morning when they sold for 0.16

[davewho]

Szls.sw are 1/2 warrants not full warrants. So you need 2 to buy a full share. So wouldn't it be 18 +18 + $1.10 = $1.36 needed to be in the money. Assuming you are keeping them to excerice in 2023. I don't own any but this would be my understanding? Nice timeline on them though. 

[davewho]

sorry I see the szls.ws closed at 16 cents according to TD. So if each is a half warrant. It would be 16+16+1.10 = 1.42 to be in the money if you are planning to hold them. Trading them is completely different strategy. 

[Str8Shuter]

Neither WS nor WT are partial warrants.  They are both full warrants.  You can't trade in half-warrants.  The half warrants were just the incentive for the investors who participated in the most recent public offering.  Each full DEC/23 warrant (i.e. two half warrants) is tradable as SZLS.WS. There is no conversion factor for the WS warrants as there is for WT.  A

[davewho]

Thanks for the info on warrants! Makes sense.

[Jonnyboy85]

Thats not quite right, the warrants that are up for sale are the same half warrants that were offered. The warrant holders can't modify the terms of the warrants they've recieved when they sell them, so they are exactly as they got them. So half warrants, just like the WT require you buy 8 to exercise to 1 share, you will have to buy 2 WS in order to exercise to 1 share. Maybe I'm just

[Jonnyboy85]

Best thing to do is call your brokerage, they have custodial teams that deal with investment vehicle inventories and they can look at the terms of each warrant and explain the differences between WT and WS to you. Like Lith said, warrants are tricky right up until they they aren't, and if you still feel confused or uncertain, it's best to talk to someone first before spending your hard

[vicky55]

Pour ceux qui ont un portefeuille actions ordinaire,est ce que cette nouvelle est bonne ....

[LithLover]

Ignore

[Jonnyboy85]

Really? I was actually going to give her an honest answer regarding arbitrage and pricing descrepencies on related investment vehicles like warrants and their underlying shares, why the new WS warrants could be proving our WT warrants and shares are being undervalued by the market currently, and thats why we saw a huge buy of WT warrants on friday. Is she just trolling or a multiple account user?&

[Jonnyboy85]

Well here it is anyway Vicky. Judging by Liths reaction you were being insincere in your reply but maybe something gets lost in translation. Either way it's good information so here it is. On a side note I was also wondering if the WS warrants could be offered as half warrants in the prospectus but be issued as whole by the company? That could explain why you see that on canadianwarrants.com

[LithLover]

There is a reason Canaccord was buying the wt warrants.  Always follow the money. 15:53:39 T 0.07   50,000 33 Canaccord 1 Anonymous K 15:53:39 T 0.07   115,000 33 Canaccord 2 RBC K 15:53:39 T 0.07  

[Str8Shuter]

Playing devil's advocate...  There is probably a reason that RBC was selling the WT warrants on Friday too.  In fact, they sold more warrants than Canaccord bought.  Should we be following Canaccord's money or RBC's money??

[Jonnyboy85]

For me its not so much about who is buying but how the warrants were bought and the volume, which can indicate price direction, so it was large volume bought up into the ask, rather than rbc selling down into the bid. If that makes any sense. Even further to that is which of the 3 vehicles, stock, WS, or WT that was chosen for such volumes, the stock and the WT had about 99% of all the trades

[Jonnyboy85]

A good example was Velocity trading, and even cannacord themselves, both of them have been buying and sellling back and forth for weeks, maybe months even at this point, I've lost track. So most of the time when I see their big orders, I pay almost no attention because they'll just sell at some point anyway. But like I think Sag was saying, we've seen consistent buying from cannacord

[Str8Shuter]

Reasonable and thoughtful opinions.  Definitely more enjoyable than the basher initiated circus that rolls into town almost daily now.  I appreciate these insights and pretty much agree with everything you've laid out here in response to my last musing.  Cheers!   :-)

[Jonnyboy85]

For sure man, I appreciate that and thank you as well. I hardly get time to actually talk about szls and investing anymore, and you gave me a brief window between the chaos this board can be to do that today so again thank you. Its really refreshing to use this board for what its meant lol Hopefully as time goes on, and szls proves itself, we get more of this and less of the other.

[Spideysenses20]

Jonny stop talking to yourself with your multiple accounts you need some serious help man

[Jonnyboy85]

Another topic I wanted to get into is shorting in relationship to warrants and, more specifically, newly issued warrants. Just like with our shares, the shorting can give the impression of warrant holders selling when in actuality it's simply someone trying to take advantage of an arbitrage opportunity, or attempting to push the market lower for profit like we often see with our friendly

[vicky55]

Merci beaucoup,Jonnyboy85

[Str8Shuter]

That sounds like prudent advice, Jonny.  With respect, I'm confident that you will have a clearer understanding after calling your brokerage on Monday.  CanadianWarrants.com will hopefully include the new SZLS.WS warrants in their table of warrant values once they update it by Dec. 8 or so.  In that table, under the "Wts per Share" column, you will find a "1"

[Jonnyboy85]

Ya honestly I haven't looked into it too much yet, I'm happy with the WT warrants and my share positions and wasn't planning on getting into the WS lol christmas has my wallet in the drawer for now. But I'm planning a call to the brokerage on monday just for fun, custodial isn't open on the weekends apparently. It'll be the first time I've seen a forced bundling of

[brad129]

lithlover posted a good post on the warrant side of things, we've seen them in the quarterly reports being re-evaluated my question is they can re-evaluate them lower but if the share price rises do they re-evaluate them up?  

[Jonnyboy85]

Those aren't the same warrants, those are warrants used to pay for services and aren't bought or sold on the open market. The warrant revaluation you see in our quarterlies is simply a caluclation of the outstanding warrants that haven't been exercised used to pay for services, specifically to LIND, and it's because as long as they aren't exercised the debt is technically not

[Twocommas]

Oh Johnny Johnny grow up it's almost Christmas Time to get them $$$$