Cytodyn Inc (CYDY): 0.15 is the cost of a warrant, not the s...

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Re: I_luv_cydy post# 11587

Monday, 02/27/2017 11:07:55 PM

Monday, February 27, 2017 11:07:55 PM

0.15 is the cost of a warrant, not the strike price. When you buy two units in a placement, you can sell two shares, and keep one warrant. 15 cents is the loss at which you sold your shares. Each unit = 1 share + 1 warrant. The loss becomes the cost of the warrant.

I am just pricing the warrant like a call option with a strike price.

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