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clearmont88

07/28/18 10:17 AM

#46454 RE: rawman #46453

If you read FY 2018 10k year end

Tauriga makes it abundantly clear that it values the warrants at $0 on the balance sheet

The company takes the most conservative possible approach. There is a paragraph on this in that 10k

So suffice it to say, the vistagen warrants will almost certainly be valued at $0

However they certainly are worth more than $0. Whether they currently are worth 30,40,50,60,70,80 cents etc etc. it is more than $0

Tauriga has made a decision to be ultra conservative about this stuff. No hedge fund in the world would value these 5 year warrants - realtively close to the strike price with 52 months left (has been over $1.50 many times since December 2017)

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Johnny_C

07/28/18 12:17 PM

#46455 RE: rawman #46453

Options not traded on exchange will always be carried with zero value attached, that is an accounting rule you should be well aware off. I have given examples of out of the money warrants valuations that are tradable... non tradable options still have significant value despite accounting rules.

If you find anyone wanting to sell VTGN options I will gladly buy them for .50.