The SEC filings say "We have outstanding warrants to purchase 385,715 ordinary shares, which are exercisable at $92.00 (which gives effect to the 1-for-8 reverse split effectuated on March 11, 2019). The warrants are exercisable until December 19, 2023. We may redeem the outstanding warrants at a price of $0.08 per warrant, upon a minimum of 30 days’ prior written notice of redemption, if among other circumstances, the last sale price of our ordinary shares equals or exceeds $192.00 for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which we send notice of redemption to the warrant holders." https://www.sec.gov/Archives/edgar/data/1752108/000121390019006031/f20f2018a1_reebonzholding.htm
2023 actually. The strike price is much lower than what others mentioned and the company is still active and quite beautiful actually. Maybe it hits everyone out of left field... crickets for now though
The warrants expire in 2023
and thats why they dont move past 8 cents except in the event people assume they will move with the stock price.
Thank you Care to explain HUNTW or better yet PHUNW
8 RBZWF plus $92 exercise price for 1 RBZ
There is an adjustment clause in the warrant agreement, filed with the Draper Oakwood (DOTA) S-1 registration form with the SEC on 8/25/2017.
For clarity, I'm just posting the applicable parts of the Warrant Agreement, parts 4.2 and 4.4:
4.2. Aggregation of Shares. If after the date hereof, the number of outstanding shares of Common Stock is decreased by a consolidation, combination, reverse stock split or reclassification of shares of Common Stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or similar event, the number of shares of Common Stock issuable on exercise of each Warrant shall be decreased in proportion to such decrease in outstanding shares of Common Stock.
4.4 Adjustments in Exercise Price. Whenever the number of shares of Common Stock purchasable upon the exercise of the Warrants is adjusted, as provided in Sections 4.1 and 4.2 above, the Warrant Price shall be adjusted (to the nearest cent) by multiplying such Warrant Price immediately prior to such adjustment by a fraction (x) the numerator of which shall be the number of shares of Common Stock purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of which shall be the number of shares of Common Stock so purchasable immediately thereafter.
Part 4.2 means that after the reverse split, it requires 8 warrants to buy one share of common.
Part 4.4 means that after the reverse split, the cost of that share of common will be $92 per share ( $11.50 times (8 divided by 1 )).
I'm sure this is not what you are all hoping for ... however, this is apparently the correct information, as it was recently confirmed in the annual report released by Reebonz.
Here are the new warrant terms and data, as posted in the latest 20-F filing (Annual Report for foreign companies) with the SEC on 4/1/2019, and the amended 20-F/A filed 4/9/2019:
"We have outstanding warrants to purchase 385,715 ordinary shares, which are exercisable at $92.00 (which gives effect to the 1-for-8 reverse split effectuated on March 11, 2019). The warrants are exercisable until December 19, 2023. We may redeem the outstanding warrants at a price of $0.08 per warrant, upon a minimum of 30 days’ prior written notice of redemption, if among other circumstances, the last sale price of our ordinary shares equals or exceeds $192.00 for any 20 trading days within a 30-trading day period ending on the third trading day prior to the date on which we send notice of redemption to the warrant holders."
$RBZWF: Nasdaq listing of Warrants extended to April-19,2019
I do not trust companies to advise me on certain items. LOL I have made much on companies not even understanding the term EX DATE when doing split and issuing incorrect info .
Calling transfer agent is one way but why should we not have a legitmate place at a regulatory authority
$RBZWF: Sounds like a question for Draper-Oakwood
It was the $DOTAW that became $RBZAW and now $RBZWF
They would be the ones closest to this infomation
Based out of Shared Workplace, Hero CITY.
Hero City, 55 E 3rd Avenue, San Mateo, CA 94401
I cannot see where the warrants split the # of shares and as such I will assume the strike price is 8x$11.50 until I see otherwise
$RBZWF: As long as they are trading.... Anythings possible
Saw the Bid-Ask on these go up to $0.70 just two weeks ago.
And just last December they were well over $0.30
The thing is that the $RBZAW & $RBZWF charts remain the same.
Warrants are merely a continuation of where they were before.
Like nothing changed.
The Commons however, were adjusted.... so, Go Figure ?????
until folks can determine what the strike price actually is and what expiry I do not see to many folks jumping in.
IF the warrants reversed - IE you had 8 and you now have 1 and the strike stayed the same at 11.50 then they might be worth something. Also SPAC warrants have an allowance to be repriced ?? yes? and a formula to call them in. Its all over my head
$RBZWF: March-29 is Nasdaq Deadline for Minimum-Listing-Requirement
They did the 1:8 RS to accomodate that.
Thats why the Warrants got renamed $RBZWA to $RBZWA and demoted
from Nasdaq to OTC
Looks like they will be able to achieve that by Tomorrow which
is the $4 level.
$RBZ currently at $16 and should stay at that level.
Lets see how much higher these warrants go beyond that.
its ridiculous. Warrant pricing should be set. Zero changes. set strike price and date of expiration. And also a central regulatory authority or each excghange takes ownership of the process
$RBZWF: There must've been some Warrant-to-Common Conversions
I mean that was over 150k warrants that passed thru.
I don't think they disclose details of the excercise of warrants.
They just happen when the excercise price hits and warrants get called.
There can't be that many warrants around.
Apparently I did read up on SPAC warrants - 12 years ago and remember nothing
Buckey Member Level Tuesday, 07/10/07 03:53:02 PM
Re: calgarylady post# 254 0
read up on blank check IPOs and warrants befopre laying too much out
Well that is an old article.
1. Warrants have somehow been canceled.
2. Warrants have been split
3. Warrants exercise at $11.30 and someone has made a serious mistake in shorting them and we see a massive squeeze.
I think 1 or 2 are most likely...
Not in the case of a Reverse Split..... Excercise Price remains the same.
No way they would be trading at .10 when they are $17 in the money. My guess is the strike price has to be $80.
Read up on these SPAC warrants here.........
Agreed on the warrants. Something isnt adding up. #1 did the warrants reverse split # of shares also? can they reverse the # of shares and teh price. Im thinking they are 8x11.50 strike price. These SPAC warrants are risky. was following PHUN and PHUNW tody and then yesterday was in HUNTW which released news tonight per Nasdaq request after halt. There really is no definitive place to determine the strike and expiry date for US based warrants and especially SPAC warrants
If that is true then something is not right obviously...
$RBZWF: Warrants have no Adjustment-Provision in event of RS
So the Excercise Price is still holds
No one seems to know the conversion price. What is it $50?
$RBZWF: Warrants are Good.... replaced $RBZAW
RBZAW represented before the DOTA merger.
Was listed on the FINRA changes a few weeks ago......
Warrants are the same but with a new symbol... $RBZWF
These are for legazy RBZ holders and have excercise date of Dec.19, 2023
They were trading at $0.88 on average last August.
I assume they are still good, just not trading on the Nasdaq?
Nasdaq also announced that it will delist the warrant of Reebonz Holding Limited. Reebonz Holding Limited’s warrant was suspended on February 27, 2019 and has not traded on Nasdaq since that time.
I read that these warrants were canceled? Are you sure they are still good?
hope you are right. until then, I guess I will just keep flipping RBZ...
$RBZWF: This Massive Short squeeze will fix that
Warrants are about to POP hard.
Could be, but the warrants are doing zero, that was my point
$RBZWF: In that case... you're on your own.
$RBZ making a Bee-line for $30
Another $HUNT like move today
only interested in the timeframe since delisting, 2 weeks basically...
$RBZWF: Look at the 200day chart on the Warrants
Maybe you'll have a different opinion.
There is a Massive Short Squeeze Underway on $RBZ
Warrants will follow suit... there isn't a linear relationship between the two.
Warrants haven't moved at all, dropped actually, dead money, no volume....
$RBZWF: Crazy Low float on Commons... Only 1.3Million Shares
This thing is gonna blow harder than $HUNT did yesterday.
There's a FOMO feeling about it right now.
Expect more HALTS on the way up but Warrants about to go to $1
$RBZ now over $20
I was surprised, hit instantly. At least they gave me enough to make a trade this time. A-hole broker filled 3 shares of another trade last week to scalp the fee IMO, the shares were worth half the fee...
got some more
crazy, I had a bid at 13, they have me 175 shares, with a bid of 20k..they filled u lol
Amazing Intel > $$$$$