"They are essentially saying that the “intrinsic value” is the market price minus the strike price."
Sure...at expiration.
Yes, it's getting ridiculous, but I do want to see this through. You usually are on the mark with most of your posts but I'm confused at your doggedly holding onto the idea that the $0.20 strike warrants are currently worthless OTM since they're not tradeable. Maybe I'm the one who is off base.
Tell me this--with Humbl's stock currently at $0.16 and if Humbl offered you 125 million non-tradeable warrants with a strike of $0.20 and expiring in December, for the total price of $10, would you buy them or would you deem them worthless so you would turn down the offer? It's a simple question and your answer will determine whether we're having a problem of concept or a problem of definition. Obviously, I would happily take such an offer and I may be more bearish on Humbl than you are. Would you take such an offer?
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