How are we in a pickle? Stocks go up and stocks go down. Everything is still in play and nothing has been ruled out with the exception of the original SPAC money.
Did the expired warrants trade openly or were they part of private placements? Th isn't buying Niocorp (NB) stock. He's buying Niocorp warrants (NIOBW) that trade on their own, and he is free to sell them at any price he chooses. There is no need to reach a strike price to sell a warrant that trades on the open market. NB stock can go down and he could still double his money overnight. I hope he does. Judging by the level of his claimed investments, I'd guess he's probably averaged down substantially and may not even need a tremendous amount of movement to break even. Might be the smartest guy in the room. We'll see.
I'm not elated with the current state of things, but I'm also nowhere near calling this dead. I think the EXIM conundrum has been mentioned here a few times. The SPAC sucked and the move to NASDAQ didn't deliver anticipated results. I think that's been mentioned a time or two as well. Probably happens more often than not. Nothing since then is off the table to my knowledge. I've pretty much written off my warrants and they may yet serve as a tax loss this year.
I'm still averaging down on NB. Saying that, I appreciate all the opinions and concern here about everyone's investing philosophies. Truly. It's charming, almost sweet. A little more caring and this won't be the most miserable board on iHub.
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