“Technically, the warrants are worth the same value as if the warrants were fully tradeable. Black-Scholes on a highly volatile stock with almost a year to go before expiration. I'm just thumbing a number, but I would guess they would trade at eight to ten cents if they were trading. “
“If they were trading…”
Yes…
But they aren’t, which is why they are worthless below the strike price.
It doesn’t mean they can’t regain value…but below the strike price they have no definable value.
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