@GeorgeBailey
Thanks for your thoughts, George...makes sense to me on LEAPS, etc.
I think everyone should be aware of the fact that the rolled down strike on the warrants to $13.75 were issued as restricted stock with a legend attached to them, so they can't legally be sold. It's possible that they can hedge those shares with puts or selling covered call (but I doubt it). I also posted under "conversations" on the Yahoo message board...I'm the other "Stephen", not the West Point Person, but I attended Wharton....lol
As Fosco mentioned we also have the $16.75 warrants expiring in late October and my personal thought is that Geert will have to offer them a roll down.
Did you notice that not ALL of the 19.75 strike was exercised, that was 810,000 shs as I remember it; only about 467,000 shs (out of memory)...but it did entitle them to "leveraged" XX and YY warrants with strikes of $18 and $20 respectively into September...
Geert is really making this quite confusing, but it's all coming to a head..I think it will be a rewarding holding and might just out perform my Tesla position...too bad I deleted my Gilead holdings, I think I made a mistake on selling it (for a loss)....Best
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