Basic Energy Services Inc. (fka BASXQ)

[Steady_T]

If you owned 1438 shares on Friday then today you own 2 shares and 56 warrants with an exercise price of $55.25 ea.

So if you bought at 45¢ you invested $647.

Today those two shares are worth $72. So in effect you spent $575 on 56 warrants with a 7 year term & exercise price of $55.25. In effect you paid $10 for each warrant.

Your breakeven price on your $647 investment is about $65 per share. If the share price climbs above $65 you will be making money to the tune of $58 for each $1 that the share price climbs over the $65 break even share price.


I have no idea how they will treat the odd 298 shares post RS. Somebody here will know how that works.