India Globalization Capital Inc fka IGCIW

[Pennyes]

Warrants terms and expiration news link at the bottom!
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IGC warrants IGCIW, is Buying Warrants [ICGIW] a Bad Idea compared to buying the common stocks (IGC aka IGCC]….????
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Lets look at the numbers and Warrants Terms!....

At the close of the market today, Feb26 2019

IGC is trading at $2.12, after hours $2.14
IGCIW is trading at $0.14, no after hours

On Feb19, India Globalization published Expiration and Exercise price for IGCIW!!? According to this news (Link at the bottom of this message)

Warrants Expiration is set to March 8 at 5pm Eastern
Exercise price 10 warrants and $50 in exchange for 1 common stock?.....
In the same news, in the next para, it states 10 warrants and $5 in exchange for 1 common stock?..

10 warrants at the price of 0.14=$1.40+$5= $5.14?,
why would anybody pay a whopping $5.14 for a common share that you can buy right now for $2.12????? or by next week the common shares will trade at 5 or above 5?? Lol!!!


and if the first para is correct, then you have to surrender 10 warrants and top it off with another $50 in exchange for 1 common stock, this is totally absurd and ridiculous, may be there is a error in the additional dollars, its got to be 5 dollars and not 50!?…

in Both cases, warrants are more expensive than buying or holding a common shares!??...

If anyone do not agree with this, make your point? did we (warrants holders) all just made a blunder in buying warrants. thereby loosing more than 50%.

Or if the above numbers and figures are wrong????…..

It sucks!!


https://static1.squarespace.com/static/55675f59e4b051f62f6f0b27/t/5c6de744eef1a12a6200e9ac/1550706500584/IGC+-+India+Globalization+Capital+Announces+Public+Warrants+Exerc+Price+Reduct+%26+Exten+to+Mar+8%2721.pdf