WONDERFUL WORLD OF WARRANTS

[brandemarcus]

How much does Icahn's net worth decrease if the warrants are in the money?
Yes there is a 20 % increase in shares outstanding but there is also 280 million increase in cash. I doubt if the stock goes down more than 5%. Icahn loses worst case around 7-8 million dollars since he owns 13%. Icahn's net worth is 20 billion, so I doubt he is spending time worrying about those warrants one way or other! The quicker and more rapidly the stock moves up, the more Icahn can promote himself as an advocate for shareholder value. This helps his case for the next takeover he is thinking of doing.