Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
The notion that the Warrants are free is misplaced. When I coughed up a few hundred thousand dollars 4 or 5 years ago in a private placement I was very aware of what I was paying for and what I was getting in return. Both common shares and warrants had a value in that deal. In fact the June warrants had a value of $0.29 each. So to me that is not free.
Well your 0% success rate of these types of calls over the last couple years I have been following along is ecouraging since I have a boat load of those warrants.
I really don't see the logic behind the class action lawsuit you speak of. All acquisitions are scrutinized by third party law firms on behalf of the shareholders. It's their job to ensure everything is in the shareholders best interests.
They fully expected this. It happened before on their last offering I beleive. That one caught them by suprise...but not this one.
The distributer deal was $1.23 less .21 cent warrants which equals $1.01 cdn or .76 cents $US. It's not a coincidence. Longtai has liquidated all its shares likely for above the .76 breakeven and recouped the bulk of their investment and are now riding the .21 cent warrants which by they way have also been cost averaged down by all the shares sold over the $1.01.
1.01 cdn will be the bottom
I could care less if they do anything other than make me a boat load of $.
Were these warrants not just valued at .21 cents? If so Longtai could sell all their shares at $1.23 cdn down to $1.02 and still be at breakeven with a .21 cent Cdn warrant.
There is a possibility that if Longtai's shares were not restricted then it may be them that are selling. They sell to recoup the bulk of their investment and ride out the warrants which were included in the deal. I beleive this happened after the last sold out financing. It was a mistake then to allow it just as it is now.
Thanks for the advice however I am in no hurry. I have been in this for years and will see it through. There is very little volume that has traded in warrants in comparison to the amount that are out there. There are some huge players who have sold all their stock in previous years and who only hold warrants. These will only become liquid once the trading volumes increase substantially.
The warrant holders are the private investors who have funded this company from the beginning. We were given warrants with our initial investments. We have been invested far longer than most on these boards. You would only exercise the warrant if it is above your strike price otherwise it would be cheaper just to purchase more shares on the open market at the lower price.
Perhaps you view them as a gift. To those who invested early on they were part of the subscription agreement and have value.
The warrant holders are the private investors who have funded this company from the beginning. We were given warrants with our initial investments. We have been invested far longer than most on these boards. You would only exercise the warrant if it is above your strike price otherwise it would be cheaper just to purchase more shares on the open market at the lower price.
I beleive they most certainly have seen the product that they will be distributing. As I said previously it makes no sense for a large distribution company with revenues of $100M to enter into a blind agreement of distribution without knowing what they will be distributing. Just seems like common sense to me.
Woops sorry about the repeat
My point is that this company has surely seen these prototypes. There is no chance they are risking $2m in stock at a slight discount from the market if they didn't know 100% their investment was going to appreciate. I sincerely doubt this company cares about North American exposure given there business is in Asia.
I find it hard to beleive a company with revenues of $100M annually who pays millions for the opportunity to enter into a distribution agreement hasn't seen the product they are going to distribute! I know common sense is rare these days but seriously?
I find it hard to beleive a company with revenues of $100M annually who pays millions for the opportunity to enter into a distribution agreement hasn't seen the product they are going to distribute! I know common sense is rare these days but seriously?
I do not agree with your position. Warrant holders can exercise at anytime and if an offer is tendered the value of the warrants will immediately be worth the offer less the strike price. Keep in mind the majority of the warrant holders received their warrants from their initial large private fundings of this company making them likely the largest shareholders of this company who will undoubtedly have a seat at the negotiations.
I do not agree with your position. Warrant holders can exercise at anytime and if an offer is tendered the value of the warrants will immediately be worth the offer less the strike price. Keep in mind the majority of the warrant holders received their warrants from their initial large private fundings of this company making them likely the largest shareholders of this company who will undoubtedly have a seat at the negotiations.
One cannot create the appearance of liquidity. It exists or it doesn't.
The MM is still a buyer or seller
Respectfully for every seller there is a buyer. I am not following the logic?
Maybe this is the case however how hard can it be to simply state he will be releasing at a later date. I was following his posts of which he seemed to gather a great deal of information from the board that he was going to use in his so called interview. I beleive he had some previous reasons as to some of his delays in posting such as travel and moving offices. Perhaps he has now moved his office where there is no Internet available.
Looks like a gap fill
The Canadian stock is actually around $2.30
Has traded only 79 shares in Toronto. I think both were left over from yesterday . Very odd indeed. I phoned my broker to double check if in fact it was trading or if it was halted but apparently not halted.
All of the Canadians are Having Thanksgiving today and TSX is closed.
With this kind of volume going into the weekend does anyone else think news must be imminent?
cptjsd good call on your purchase. Gives it lots of time to move.
The warrants are not options. They are similar in that you do have the right to purchase the underlying stock at a given price. The difference is that if and when the warrants are in fact exercised the money goes back into the company. With options they are strictly a contract between two parties. So the other big benefit for titan down the road is that if the stock price remains above the warrants strike price there will be a large influx of cash. I personally own both A and D warrants that have the same $2 strike price but the expiries are about a year apart A's in 2016 and D's in 2017.
The warrants are not options. They are similar in that you do have the right to purchase the underlying stock at a given price. The difference is that if and when the warrants are in fact exercised the money goes back into the company. With options they are strictly a contract between two parties. So the other big benefit for titan down the road is that if the stock price remains above the warrants strike price there will be a large influx of cash. I personally own both A and D warrants that have the same $2 strike price but the expiries are about a year apart A's in 2016 and D's in 2017.
I understand completely what you are saying however if you are a true long as most here are the hoops will be a mere inconvenience when you collect your massive cheque from your leveraged position. When this company is bought out it wont matter if you hold stocks or warrants both will get paid.imho
I understand completely what you are saying however if you are a true long as most here are the hoops will be a mere inconvenience when you collect your massive cheque from your leveraged position. When this company is bought out it wont matter if you hold stocks or warrants both will get paid.imho
I was just going to say the same. I don't understand why more aren't buying the warrants when most of them are in the money. Sure you will pay an extrinsic time value premium but it is for years out. Imho it makes more sense to buy 3 or 4 times as many warrants vs one stock as you benefit dollar for dollar from here on out on the way up. Personally I liquidated my stock positions and now hold 4 times as many warrants yet I will benefit just the same as if I owned four times the stock I originally held.
As an aside we should all be happy the stock is holding at these levels given the overall market. Keep in mind the big institutional raises that Titan did that has filled their bank account. There is zero financial risk now for them to get the product to market. They have more than enough cash on hand now. It's these institutions that are protecting their investments at these levels. They more than us want this trading on the nasdaq and they are holding the bottom. Imho
I suppose anything is possible but unlikely. The mm actually pay to be a mm on the given stock or derivative. It is their job to keep the stock liquid. However with these small volumes you likely only have one maybe two mm. When this gets up listed to nasdaq there will be more possibly. Some large company's may have 10 mm on a single stock. As I mentioned before we need the big boys, the banks, the funds, they are the ones who move the pps as they create the large imbalance between supply and demand. This is what moves price. The mm keep it liquid and shake the novice trader out between the wholesale and retail levels set by the institutions. Imho
I suppose anything is possible but unlikely. The mm actually pay to be a mm on the given stock or derivative. It is their job to keep the stock liquid. However with these small volumes you likely only have one maybe two mm. When this gets up listed to nasdaq there will be more possibly. Some large company's may have 10 mm on a single stock. As I mentioned before we need the big boys, the banks, the funds, they are the ones who move the pps as they create the large imbalance between supply and demand. This is what moves price. The mm keep it liquid and shake the novice trader out between the wholesale and retail levels set by the institutions. Imho
Bigger wallets, institutional buying, they are the only ones that can seriously move and stock one way or another. They buy wholesale and sell retail. In between those levels are where the mm manipulate.
Keep in mind on the TSX that most brokerages will margin TMD at the $3 cdn price and above. That too will make a difference going forward. IMHO
I am a new poster here but I have been invested in Titan since it was private and hold significant shares and warrants in this company. I wanted to add some possible insight as to why some insider trades happen that may not make sense to the general public. There are cases when management have a schedule where they must sell some of their positions or percentage off. Case in point another company I was invested in Intermune. A few weeks ago the CEO sold a sizeable chunk of shares in the mid 40's I believe. A short time later it was announced Roche was buying the company out at $74. Surely the CEO was well aware his shares were going to be worth considerably more in a very short time period. I am not saying this is necessarily the case here but it is worth considering.