Quote:
Originally Posted by Krovikan
If you exercise your warrant, you will need 11 dollars in your account, then you will get 1 share of the company. If you buy the warrant at 6.5, you could sell the share for market value once you receive it.
From what I understand, and I'm more saying this to confirm with some of our warrant experts here  . If the company forces you to exercise, you will have 30-days to have $11 in your account or sell the warrant. If you don't have the cash in your account, the warrant will expire and you get nothing. |
Negatory - see the other bullet I posted. They buy back at $0.01 per warrant so you virtually lose it for nothing. So before the call date you either excercise at $11.50 and gain a common share or sell before at the market for a slight discount likely and just pocket the cash.