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Re: Luckypennyman post# 412

Saturday, 01/16/2021 11:28:12 PM

Saturday, January 16, 2021 11:28:12 PM

Post# of 608
Nothing wrong with them if you just want to sell them now, however if you wanted to exercise them to buy shares, you'd have to pay more than the current share price. Consider the ones you got at .60. It takes two warrants to buy one share, so your cost will be:

.60 (warrant cost) + 11.50 (exercise price) x 2 = 24.20
Current share price = 16.15 close of business Friday.

So you'll pay 8.05 more to exercise than buying at the current market price.