On the warrant side of things we are at $1.36 x $1.45
The otc market maker, OTCM, suddenly showed up a few weeks ago. Now you can see they are mopping up everything under a certain price.
Easy math to value the warrants is 1/2 of the amount the commons are trading above the strike price. "Head slap" on me for making it way to difficult!
If the stock is trading at $14.50 then one warrant has to be worth $1.50
Strike = $11.50
Common price = $14.50
Difference = $3
1/2 of $3 = $1.50
Conversion of the warrants will cause dilution but the company will also get the cash. So no big deal, imo.
Another thing to consider is the fact that once a warrant is converted it no longer exists. That means less competition for those of us who want to trade them.
Go LMB.
GodBless-NoDoubt
creede
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