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Re: Maico501 post# 2923

Monday, 11/02/2009 5:06:48 PM

Monday, November 02, 2009 5:06:48 PM

Post# of 18730
Warrants are like call options in some ways. Not an expert myself, but they have an expiration date like options, in this case 2014 IIRC. They have a strike price, or exercise price, in this case they can be traded for stock at a $1.34 (IRRC) if the stock price goes over $1.34 for some period of time (I forget the details on the H warrants, they are in the last SEC filing). The warrants trade for less than the stock price until the stock gets near the strike price, they get over the strike price once near that price. Basically a lot like a call option in most ways.

One difference I think is the conversion cash for converting a warrant goes to COIN. Options the cash is between buyer and seller of the option.