Exactly.
I just know that it would be fantastic to have a pocket full of free warrants if a stock does exceed the Strike Price.
If you buy 100k warrants at .02 you have spent $2,000
Now ponder this...
If said security runs into the money. You make $100,000 for every dollar it runs above the Strike.
Let's use XELA.
The strike is $11.50
At $12.50 you can cash in risk free for a profit of $98,000
Now ponder this...
If the stock does come anywhere close that $24 mark — let's say $22.50 to play it safe.
Your $2000 investment has just made you $1,000,000 because you are getting $10 per warrant in profit.
How about them apples?
Now it's a long shot and not saying it's going to happen.
But I can see it could be a fun tactic. Especially if you are relatively wealthily and love the thought of such a maneuver.
Would sure be sweet to brag about at the country club.
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