I buy and sell warrant like a stock, I never have the gut to hold on the warrants for long because I do not know exactly how does the warrant work.
For example yesterday I sold off all my VTIQW about $12 because I really do
not understand the strike price of $11.50 apply to this case or VTIQW. all I know is I have better luck with warrants than common stocks.
Let me say, ONE FMICW FOR FOR ONE SHARE OF FMCI common, if the warrant meets all the conditions in the prospectus. Here is my problem, if FMCIW trades at $16.50, $5.00 above the strike price,if I hold on to the warrants and exercise them, say, I have 5000 warrants and I should get 5000 shares
of common. What happens to my $25,000? This is the reason why I sell the
warrants once they reach my pre-determined price.
Can you explain to me?
Thanks.
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