Ayala Pharmaceuticals Inc (ADXS)

[JB-22]

1 warrant equals the right to one share @ $5 strike price. They expire on 10/18/18 I believe or within a day or two from that date.

If the price is say 10 dollars next summer your warrant will be worth 5 bucks. SP - warrant cost to exercise(5 bucks). You don’t need to convert to shares it will easily be able to be sold if it’s in the money, just like options.

The difference between options and warrants is the warrant is written by the actually company as opposed to options written by a tute or other shareholder.