Replies to post #10174 on China MediaExpress Holdings, Inc. (fka CCME)

[Drexion2004]

Many of the people who held warrants sold half their warrants to fund the exercise price, making a cost basis on CCME of like 0 (Plus what they paid for the warrant =P).

So if you bought the warrants at say $1 average (some got in lower), that means the current price of $20 (divided by 2 since you had to sell half the warrants to fund the exercise price) gives you $10.

So cost of $1, current "equivalent price" of $10...10 bagger ;).

Of course, if your average warrant cost was $0.50, thats a 20 bagger ;).

-Fernando

[cfgjr]

I did....I took the value of my initial investment in the warrants and compared it to the value of my CCME shares today. I sold roughly half my warrants to raise the cash to convert the other half to shares. Since no additional funds were needed (added) to arrive at today's position, I am up approx 15x my initial investment for the transaction taken as a whole....that's 15x and counting :)

There will be taxes to pay on the sale of the warrants but I have not factored that in.