InvestorsHub Logo
Followers 23
Posts 1331
Boards Moderated 1
Alias Born 09/25/2018

Re: learningcurve2020 post# 279314

Tuesday, 04/21/2020 1:22:44 PM

Tuesday, April 21, 2020 1:22:44 PM

Post# of 704148
Warrants are nothing but an insurance policy for shorts.

Disagree. There are 5.7m shares shorted (per FINRA), and about 350m warrants outstanding, so there's only about 2% of warrants needed for hedging.

The rest is speculative appeal and can be valued. In fact, nwbo's balance sheet values outstanding warrants at $20.2m as of 12/31/2019. The footnotes state that they use Monte Carlo simulation and the Black-Scholes model.

The warrant liability value changes over time with stock price (down since year end, decrease), maturity extensions (increase), strike prices negotiated down (increase), and new issuance (increase). It can also change with assumptions about volatility.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent NWBO News