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Posted On: 06/16/2020 10:52:18 AM
Post# of 36542
Well, based on the warrants having an exercise price of $15, I'm guessing Joe thinks it will be higher than that.
Also, I told Joe the warrants did not mean much. If an investor is buying GNBTP for $33/share and buys 1000 shares, $33K investment, and they get 100 warrants to buy GNBT at $15 within 2 years, and GNBT goes to $30 lets say, then the 100 warrants get the investor $1500 profit. Well $1500 is not much of an incentive on a $33K investment.
Also, I told Joe the warrants did not mean much. If an investor is buying GNBTP for $33/share and buys 1000 shares, $33K investment, and they get 100 warrants to buy GNBT at $15 within 2 years, and GNBT goes to $30 lets say, then the 100 warrants get the investor $1500 profit. Well $1500 is not much of an incentive on a $33K investment.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
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