High Tide Inc V.HITI

Question on Warrants?

[ProStreet340]

Do you have to wait till Feb. 2023 to convert warrants to shares?
If you don't have to wait, this is a way to get paid 10 to 15% to buy warrants and convert them now.

cgytrader wrote:
"Right now one could theoretically have bought warrants, exercised them and made a 10 cent profit on the close. Good way of makin a profit and getting cash into Hiti's hands for operations."

Thanks in advance...
PS340

[chrisr66255]

Nope! you can cash in the warrant anytime, the feb 2023 date is just when they expire (i.e. you can't do anything with them and they become worthless).  hahaha, if you want any idea how good a deal this is, look at TGIF warrants and how they are garbage ( .65 exercise price and expires in sept).   Also HELL YES this is a GREAT DEAL!! If i had any free cash, i would be stocking

[Digger20]

I'm confused by what you said that you can't do anything with them and they expire and they become worthless?? when can you convert them to shares?

[chrisr66255]

Hi!  You can convert them to shares anytime before Feb 2023.  So basically until then you trade them for regular shares (at .35 per share), or sell them as warrants.   After Feb 2023 they expire, which means you they essentially go *poof* and disappear.  So warrants are like reserving the right to buy the stock at a certain price for a certain time.  After that time

[Digger20]

Thanks for taking the time to explain  appreciate it !

[Digger20]

So is the excercise price always at .35?

[cgytrader]

Warrants and Options are similar where the exercise/strike price is always fixed. The only time it will change is if it is re-priced by the Company (usually only done closer towards the expiry date if warrants are really out of the money) or a share split has occurred and the warrants need to be "split adjusted".  Long story short, you buy a HITI warrant, the exercise price will

[ProStreet340]

Thank you, and this is the most clear answer rec'd to date. Please verify - my question also includes exercise timing:      Is it possible to exercise anytime upto the expiry date?      or      Only able to exercise on the expiry date? Best Regards - and thanks again... PS340

[cgytrader]

PS340: Yes you can exercise the warrants at anytime between now and the Feb 6, 2023 expiry date at $0.35.  Cheers.

[ProStreet340]

Thank you cgy-guy, I really appreciate the straight talk        - without the long if/and/or scenarios & stories that I see from others...          LMAO Good luck with yours, I have 148,650 warrants Regards PS340

[Crazylikefox]

Warrants should be at .65 cents way under where they should be 

[TheProphetElijah]

Strong finish and no sell off like last run, you know what that means.  Hang tight, the sharks are swirling:

[OrphanAnnie]

Crazy you are still in! 

[Crazylikefox]

Yep!!! Sold all my meta shares months ago and gambled and converted to the warrants had close to a million been selling slowly on the way up still sitting on a bunch very lucky and happy!