“Profit is different than value. If it were to drop below the strike price, there is still value in the warrants. Keep in mind that Sharp bought the warrants when the price was below the strike price. You said that there is no value. We both know that is not true.“
Sharp did not buy the warrants when they were below the strike price. The pps was about three times the strike price when purchased.
And a non-tradeable warrant has no value below the strike price. You are perhaps confusing the value of a share of publicly traded stock with value of a non-tradeable warrant and are maybe looking at “potential value”…I am talking about actual definable value. I never said a warrant should be tossed when it becomes worthless, because, as I said, value can return to it if the pps of the stock rises above the warrant strike price before it expires.
But nobody is going to exercise a warrant that is underwater…because they can get better value for the same money by simply buying the stock from the market directly.
I am honestly surprised the concept needs explaining.
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