Replies to post #28831 on Ethema Health Corp (GRST)

[it_happens]

Warrants can be complicated but basically the company gets cash and the warrant holder gets the right to acquire stock usually at a later date. Vested means that the warrant is assigned or secured. See example:
https://www.sec.gov/Archives/edgar/data/1285701/000113626112000222/exhibit99-1.pdf

One of the most interesting days of watching an L2 was a day where the warrant was executable if the share price was $0.75 or higher on a certain day. The this executable day, pps started at .20 and then people started buying shares. Of course, traders started selling shares when the pps approached .75. The tug of war at this point was really interesting to watch. Some very deep pockets wanted the shares provided under the warrant. (I forget the ticker) The pps did reach .75 early the next day. So, if you come across a warrant with similar conditions, load up long before the date it becomes executable.