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Posted On: 07/15/2021 2:13:53 PM
Post# of 32846
Right- Based on my circumstances, I may do a 'sell to cover' for my warrants, at which point it's beneficial for the share price to be as high as possible before converting.
Sell-to-cover:
By selecting this method, some of the shares are automatically sold to pay the exercise costs. The remaining shares (if any) are deposited into your account.
I dont know if that's an option with every broker, but I imagine most offer it. But, depending on the when, I may not need to and i'll just pay to convert and retain 100% of my warrant amount in the conversion.
Sell-to-cover:
By selecting this method, some of the shares are automatically sold to pay the exercise costs. The remaining shares (if any) are deposited into your account.
I dont know if that's an option with every broker, but I imagine most offer it. But, depending on the when, I may not need to and i'll just pay to convert and retain 100% of my warrant amount in the conversion.
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