Saturday, July 10, 2021 1:09:04 PM
Anyone hoping to "hedge" their short position or a long wishing to sell now to "tax loss harvest" better multiply their warrants they hope to convert to shares by 30. Anyone that THINKS would ask their broker how many warrants it takes to convert to 1 share . I'll give you a hint... its 30.
So for math experts, here is the actual math
10,000 shares
/ 30
_______
333 shares
X $5 profit
_________
$1,665 wooooot!
On the other hand, if one took that $130 and bought shares at $1.70, they would have 76 shares x $22.96 b.o. price gives you $1,775. Without the risk of warrants expiring worthless.
#THINK
REALITY
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