Bullboard - Stock Discussion Forum Gnomestar Craft Inc VDQSF

Gnomestar Craft Inc. is a Canada-based craft cannabis company. The Company is engaged in the medical and recreational marijuana business. It operates in one business segment, the marijuana industry. The Company produces hand trimmed cultivars in its 12,000 square foot indoor facility in Delta, British Columbia.

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GREY:VDQSF - Post Discussion

Gnomestar Craft Inc > Picked a bunch up today, thing is ready to fly

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Post by dankmastah420 on Sep 27, 2018 4:57pm

Picked a bunch up today, thing is ready to fly

Upcoming warrant expiration dates

$0.32 4,840,000 November 9, 2018

$0.32 3,461,500 December 7, 2018

Most of these are currently held by insiders. It is my personal opinion that it is in their fairest interest to raise the price to these levels to be able to exercise them.

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Comment by Griffin60 on Sep 27, 2018 6:09pm

OR they could buy at current levels and not worry about the warrants. Then if it gets to $0.32, they have already doubled their money.

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Comment by dankmastah420 on Sep 28, 2018 9:45am

You understand what expiry means right? They have to execute those warrants at those levels at least or else they expire... What I'm saying is they will be buying stock at these prices to try to raise it to their warrant prices so they can be executed and they can have more shares... AKA the price of the stock will rise or else they will lose millions....

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Comment by Griffin60 on Sep 28, 2018 10:21am

Uh, I understand what expiry means. Do you understand that if you are going to buy stocks (or anything, really), you are better off to buy at the lowest price. Why you would try to drive the price up so you could exercise warrants (which means buy) at an inflated price is unfathomable.

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Comment by dankmastah420 on Sep 28, 2018 11:43am

I guarantee you no insiders are going to let that many warrants expire worthless. This thing has a low share float. How much volume do you think it would take to get the stock high enough so the warrants are in the money?

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Comment by mrgreen0 on Sep 28, 2018 11:58am

Totally agree.thats why it ran to 21.it will run again above the warrants price in com8ng days

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Comment by mojo12345 on Sep 28, 2018 7:50pm

You surely don’t know how warrants works. Exercising warrants and buying from the open market have different effect on the company. I got some yesterday, holding for a while here.

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Comment by Griffin60 on Oct 01, 2018 11:20am

I understand and have exercised warrants and options before, and have also left them on the table when it didn't make sense. These clearly would not make sense.

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