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Fidelity shows 98k shares trading today, last print 0.43, but bid / offer is 0.00 by 0.00
SOLI halted?
Victoria : Are you sure you don't wanna come up, I mean, it's only nine thirty.
George : I don't think we should. We really don't know each other very well.
Victoria : Who are you, George Costanza?
George : I'm the opposite of every guy you've ever met.
I know the redeemable part makes using Black Scholes impossible but ignoring that, I get these calls on a ~37 vol
https://www.mystockoptions.com/black-scholes.cfm?ticker=&s=40.60&x=230&t=2.97&r=0.25%25&v=37%25&calculate=Calculate
Black-Scholes Value: 0.061
Stock Price:
(in USD)
40.60
(ex. 31.55)
Exercise Price:
(in USD)
230
(ex. 22.75)
Time to maturity:
(in years)
2.97
(ex. 3.5)
Annual risk-free interest rate
0.25%
(ex. 5%)
Annualized volatility
37%
(ex. 50%)
I think I get it now: $11.50 strike (see below), 1-for-20 RS in June 2020, $11.50*20 = $230
Also for anyone doing the work like I did, 11/09/2023 expiration
HOUSTON, June 29, 2020 (GLOBE NEWSWIRE) -- Altus Midstream Company (“Altus”) (Nasdaq: ALTM) today announced that effective at 5:30 p.m. Eastern time on June 30, 2020, the company will affect a 1-for-20 reverse stock split of its outstanding common stock
From SEC Filing:
Each Existing Warrant entitles the holder thereof to purchase one share of our Class A Common Stock at an exercise price of $11.50 per share. The Existing Warrants will become exercisable on December 9, 2018, and the Existing Warrants will expire on November 9, 2023 or earlier upon redemption, subject to certain exceptions with respect to the Resale Warrants. Once the Existing Warrants become exercisable, we may redeem the outstanding Existing Warrants at a price of $0.01 per Existing Warrant, if the last sale price of our Class A Common Stock equals or exceeds $18.00 per share for any 20 trading days within a 30 trading day period ending on the third business day before we send the notice of redemption to the warrant holders. The Resale Warrants, however, are non-redeemable so long as they are held by our Sponsor or its permitted transferees, with respect to the Private Placement Warrants, or Apache Midstream or its permitted transferees, with respect to the Apache Warrants.
Thanks for this info: could you show me your work? I dont doubt you, just want to get there myself
Looking,
https://www.sec.gov/Archives/edgar/data/1692787/000119312518330390/d655407ds3.htm
Says $11.50 exercise price? That doesnt seem right
11/9/2023 expiration?
Must be some kind of conversion on the exercise price (???)
BOOOOOO YAHHHHH
MARA - Nah not like that
TBH i wish i had known it was gonna spike immediately, woulda spoken up; I asked a buddy any good crypto-exposure stocks he gave that one. This spike outta nowhere
I bought some y'day shoulda called it out then, didnt know it would get going so quickly! BTC to the moon baby
Do you still own this one?
Nice pick, as usual
Someone delete my post?
IB shows 3k shares only but rate is 1.6%
TSLA to be added to S&P 500, up 13.5% AH
FCEL could work
GME im still long a full clip from 4.99
leggo baby
Lol!
Hey at least you made money! It was a good call y'day
Did you mean CBAT?
Seriously though, why didnt you play it
LOL
Stonks***
Yeh boy, look at those volumes! Nuts
SOLO another one where a ton of call option activity today
OXY actually looks pretty strong now imo, even though I hate that stock
Boring day though
GameStop Announces Voluntary Early Redemption of Senior Notes
BY GlobeNewswire
— 4:05 PM ET 11/10/2020
GRAPEVINE, Texas, Nov. 10, 2020 (GLOBE NEWSWIRE) -- GameStop Corp. (GME) , today announced that it will redeem $125 million in principal amount of its 6.75% Senior Notes due 2021 (the “Notes”) on December 11, 2020. This voluntary early redemption covers approximately 63% of the outstanding Notes.
Notes selected for redemption will be redeemed at a redemption price of 100% of their principal amount, plus accrued and unpaid interest up to, but excluding, the redemption date of December 11, 2020.
The selection of Notes for redemption will be made by U.S. Bank National Association, as trustee, on a pro rata basis, by lot or by other method the trustee considers fair and appropriate. Notes selected for redemption are to be surrendered to the trustee in exchange for the payment of the redemption price as more fully described in the notice of redemption sent to the registered holders of Notes selected for redemption.
Jim Bell, GameStop’s chief financial officer, said, “The voluntary early redemption of $125 million in senior notes is consistent with our strategy to take actions that strengthen and enhance our balance sheet, improve our debt profile and optimize our capital structure. Over the past 18 months, we have remained steadfast in our focus on creating a more efficient business model that, despite the impacts of a global pandemic, optimizes working capital, generates free cash flow and will benefit from future growth in video gaming and entertainment. Using cash generated from operations to reduce our outstanding debt is reflective of our success in transforming our business model and marks progress toward positioning GameStop ( GME
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) for sustained long-term profitable growth.”
NICE
How many shares traded 0.69?
Must have been a block trade, can you see the sizes?
SNDL - can anybody see times and sales? hearing it traded 0.69 on a block trade? i don't see it though...
OXY goin to 0
On Nov 2 someone will....
You don't have to, the CDC airmailed the covid right back to your state! Shipped to you with Amazon prime 2-day shipping, haha
OMG that article is unfuckin real
What a terrible job we have done
GME get in the #HODLGANG
How much you up on GME and how much you up on HGEN? Cuz Im down 20% on HGEN and up 170% on GME, you keep comparing them but seems dumb
GME crushing shorts today
GO BABY GO
GME $14.40