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Re: thehumanchessmachine post# 991

Wednesday, 05/20/2020 10:42:14 PM

Wednesday, May 20, 2020 10:42:14 PM

Post# of 11865
The cashless warrant exercise equation is X = Y(a-b) / a where:

X = # common shares
Y = # warrants
a = “fair market value”/ave. closing price of the common for 20 days
b = the per share exercise price

Ex:
1,000 warrants
$25.00 cashless exercise price
$11.50 cash exercise price

X = 1,000(25.00-11.50)/25.00
X = 540 shares
Volume:
Day Range:
Bid:
Ask:
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Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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