Oh and in case I wasn’t super clear, you can buy and sell the warrants just like you buy and sell the shares. They don’t expire until 2021... forever away, so no urgency to holding them and worrying about exercising them or selling for the best price.
Also keep in mind that if the stock does well and people begin again to pay premiums for the warrants (especially as more people cash in the warrants for shares and they become harder to find - there were originally 11 million of them or so?) ... you will make even more money than you would have buying the regular stock, because you make money for the share price going up, and you make whatever money you are able to get on top of that for the value of time that people are again willing to pay (generally around .15-.30).
I have never had any difficulty selling the warrants for At Least what they are inherently worth, except momentarily when the price really skyrockets and people want to watch and wait before buying and they aren’t that liquid to have like continuously updated pricing reflected in the volumes being traded. So if the stock goes up .20, I am probably gettin my .20 profit if I wanna sell it, no problem. If the price shoots up .80, I might be lucky to get .60 of that if I panic sell. If I wait an hour or two and the price levels out in that range, I’ll probably get the full .80 profit if I sell the warrant, or very close to it.
Put VKTXW in your watch list next to VKTX and start watching both prices simultaneously, it will quickly make a ton of sense...
Btw Greens and Bull and Alex...
What a run!!!
I literally can’t wait to see who they partner with for the SARM. Their lack of need for cash and having Ligand in the wings with such deep pockets... someone is gonna be forced to pay a hefty premium to partner with us... which I feel that many companies will gladly do.
Not too many entirely new molecule classes out there with promising data and this kind of unmet need.
I’m staying put with my position, until someone claws the shares from my cold dead hands... or unforeseen factors arise.
Happy trading all and enjoy the weekend!
