Replies to post #406 on Special Purpose Acquisition Co (SPAC)

[Buckey]

SPAC warrants are ridiculous. You dont ever really know what they are worth Warrants should have a set strike price and date of expiry. NO allowances for insiders to set whatever price they want

[steeledge]

SPAC warrants are one of the trickiest assets i have seen. you're right - no way to know what's coming down the road.
at least WINRW has announced that they're going to be reducing the exercise price from 11.25 to 4. that's nice for all involved.