I'm curious what happens to the warrants if there's a buyout or other unforseen situation like that arises? I'm assuming they would just be worth whatever their proportion is to the stock price. Meaning the share buyoutr price minus 5.63 (currently nothing)?
I believe the warrants are the best way. If the stock were to make it back to $15/3.5=4.3 The warrants would trade around $10/1.5=6.6 The numbers look better for the warrants the higher the price goes. If it has a excellent P2 and hits $100/3.5=28. vs the warrants $95/1.5=63.
Only thing is not much volume in the warrants, especially now at this level. Will take a while to accumulate a decent size position. Also not easy to dump at this level if you needed to.
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