Yes. I do see what you're saying but, technically, I'll have to agree with NoMoDo on that argument. Even without trading, those warrants still have some value even if there's no intrinsic value.
If you're defining "actual value" as intrinsic value then I agree with you, but it sounds like NoMoDo was defining actual value as the, well, actual value. I saw the back and forth with you and him on that. Maybe you both had different definitions in mind and maybe both of you are right but had a miscommunication.
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