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Post# of 108192
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cdiddy01

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cdiddy01

Re: ubmmg post# 80550

Monday, 09/10/2018 2:18:25 PM

Monday, September 10, 2018 2:18:25 PM

Post# of 108192
Forgive the ignorance, but how does that price point matter in maximizing the value for warrant holders? That target price was derived from taking the per unit price (1.20) and reducing it by .85 of the warrant price using the Black-Scholes model. The only way they gain on the warrants, to me, is if it goes above 1.50 and they can cash them in as the warrants are not tradeable. Of course they have a 6 year life as well..
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  • 6M
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