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growacet

06/25/19 8:59 PM

#987 RE: noretreat #986

The RVX.WT.A $4.60 warrants are trading ~$1 each.....

According to the TMX site there are 5 million outstanding, so expressing their value in Market Cap terms gives a value of about $5 million....

The RVX.WT warrants are trading around $2, TMX says there are 2,552,389 outstanding for a Mcap of almost $5 million as well

TMX has RVX's Mcap at just over $547,059 million...put them all together and the cumulative Mcap is just under $560 million....still a long way from the roughly $1 billion we were at before the share offering.

One company and three different ways to risk money: Shares, warrants convertible at $2.05 expiring in about 2 years, or warrants convertible at $4.60 expiring in about 4 years.

Based on the volumes and price movement the $4.60 WT.A warrants look to be the preferred choice of the three ever since they started trading on June 7th, thirteen days of trading in all.

Unless my fingers slipped on the calculator I make total volume for RVX.WT.A over the thirteen days of trading to be 1,303,662 across all trading platforms or over 26% of the 5 million TMX shows as being outstanding:

RVX.WT, the warrants convertible at $2.05....I make the volume over the same 13 days of trading to be just 76,771 which is only 3% of the roughly 2.5 million outstanding.

Over this same 13 day period I calculate total volume for the RVX shares to be 2,302,269 which is just 1.1% of the roughly 204 million outstanding....