Hall of Fame Resort and Entertainment Co (HOFV)

[Liam00]

Correct me if I am wrong, but this is how I am playing it. If you buy 100 Warrants (HOFVW) for $1, I am really in effect buying rights for 142 shares.
So when I exercise, regardless of what the warrant price or share price is at that time, It will cost me $1150 to exercise (assuming no broker fee). So I will own 142 shares for a cost of $1250 ($100+$1150=$1250).
For example, using a future projected (reasonable!) share price of $30, my shares would be worth $4,260. For a cost of $1250.
Warrants can be a very valuable tool to utilize, IF you buy as early as possible, into a company or group of leaders that have a track record or a good industry position.
In some cases, I have jumped on the FOMO, and flipped, in a couple of cases I am in the hole(!) because I bought high but I intend to ride them out for several years. Lately, SPAC’s have been beaten up, and it is not good to see a lot of red. But, separate your flipping warrants from your long term holds.
There are some risks, and early forced redemptions, but the upside (for me) far outweighs any low probability downside.
It will help you emotionally!!