Yep. Well said.
Take it from someone who crapped out on LMB (left $80k on the table). Nothing is a no-brainer when you are dealing with a charging bull and warrants rapidly approaching the expiration date.
SD cannot afford a setback. There’s no time to recover. This is what happened to me in LMB — they had a bad quarter (which is something I’m certainly not worried about here).
I had thought about the dilution factor, but also read it’s insignificant unless the stock moves waay above the Strike Price — which is when management will typically give investors 30 days to convert.
Another type of no-brainer, and perhaps what bigbux was alluding to, is the high probability of trading these warrants at these prices.
If you catch them at BID there’s very good chance you double your money in the coming weeks or sell 1/2 and ride free.
SD warrants are already 60% to the strike price. Imo they are worth at least .30 each right now.
And finally, did you see the purchase at the tape on Friday?
Someone bought 150,000 shares @ 24.69
That’s $3,700,000 worth.
I always heard it’s a very good sign when you that happen in your favorite stock.
Hoping it’s an indicator it’s going a whole lot higher.
