I've watched similar stocks warrants trade for a while, like check out APDN/APDNW. They are another microcap, they have warrants priced at 3.15 I think, and they are 2019- so its 1$ cheaper and one more year into it. They traded for about 1-2$ when they were barely in the money. Keep in mind these are worth more when interest rates go up as the mmodels all have interest rates as part of the equation. However, what they are technically worth can be a far cry from what price they trade at due to speculation on the underlying ticker.
These will trade for more and faster imo because of the solar sector, and the stock has recently bottomed out and is expanding at a high rate. The faster the company grows, and shows it on the ER's, the faster these will suddenly be worth much more. If SUNW gets to and stays above the 4.15 strike on this ER, these could easily go to $2. If the Q3 ER takes SUNW to 6.15-8.15$, these are worth 2-4$ on paper, and could speculatively trade much higher... I'm looking for those X's... 2,3,4? If I hold these into 2018... When we are very close to a 500M company... thats a 10X of the market cap a few weeks ago. (it's at like 70 today) trading at 1x revenue... And with the anti-dilution clause built into these protecting them from dilution, the ticker could be in the teens.. making these potentially worth that magical 20X return that Nelsons profile boasted about other investments he's attained for investors.
Sure it's all pie in the sky right now, but we gotta dream big here.
I'm long SUNWW and SUNW
