Replies to post #347 on Limbach Holdings Inc (LMB)

[creede]

For sure.

I initially had them up for sale at .29

We have come a long way

[creede]

LMB moving up on low volume. Just tapped $14.51

On the warrant side of things we are at $1.36 x $1.45

The otc market maker, OTCM, suddenly showed up a few weeks ago. Now you can see they are mopping up everything under a certain price.

Easy math to value the warrants is 1/2 of the amount the commons are trading above the strike price. "Head slap" on me for making it way to difficult!

If the stock is trading at $14.50 then one warrant has to be worth $1.50

Strike = $11.50
Common price = $14.50
Difference = $3
1/2 of $3 = $1.50

Conversion of the warrants will cause dilution but the company will also get the cash. So no big deal, imo.

Another thing to consider is the fact that once a warrant is converted it no longer exists. That means less competition for those of us who want to trade them.

Go LMB.