AERCF - Redemption
1) Probably is the right word and you may be right, I just have trouble getting my mind around the business model. To many uncertainties for me. But again that's me, you may know things I don't which justifies this investment. You are right you may be able to sell the warrants before conversion but everyone else might be thinking the same thing which will dampen the warrant price, so you may never see $3.
2) If you spend $1.65 for the warrant and $5 for the conversion, it will cost you $6.65 in total cash outlay, so breakeven is $6.65. You may be buying more value than that but the total cash contribution will be $6.65/per common.
1) Huh? If the company announces they wish to reedeem, the warrants will probably jump past $3 and you can sell the warrants before any conversion.
2) Furthermore, if you do hold your basis price would not be $6.65 edj on the other board figured it out, I think its something like the cost basis would be in the high $3's...so I wouldn't worry about it.
-Adam
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