Post by
WarrantGuy on Sep 07, 2011 10:41am
WLT.WT
stock going to $115 but why is anyone buying the Canadian listed warrant.
I found terms posted on-line that has incorrect conversion terms.
These are carry overs from the old Western Coal warrants and they convert mostly into cash now.
Terms are $7.09 cash and .011447 shares of stock. At last sale warrant buyers are paying north of $300 for the stock.
Comment by
Red_Deer on Sep 07, 2011 4:38pm
Been wondering about this too for the past 3 weeks now when the warrants suddenly spiked.Not volume at all but still the Level 11 has kept bids well above the previous multi-year highs.Very strange indeed but maybe somebody already knows what the terms of a possible takeover are going to be?