1. How many warrants were/are actually available t
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(Total Views: 397)
Posted On: 04/16/2019 2:09:02 PM
1. How many warrants were/are actually available to trade/purchase?
6,389,776 warrants. One for every share bought during PO
2. They can still trade until they are exercised even over the strike price of $4.04 correct?
They can be traded up to expiration date of 03/14/2024
The strike price is 3.44 not 4.04.
3. Why offer the warrants at such a lower price? Should they have not been offered at 60-70$ of the Offering price?
Warrants are given FREE to those who bought shares from PO. So for them to exercise the warrants would cost them $3.44. Since they were free, sell now and get the Free money and lower the cost of PO shares. This is why some may say this warrants deal wasn't a good deal for VERB: The buyers get a even bigger discount and it add some dilution in the future.
3. Someone commented on the spread Bid/Ask. I don't think it really matter. When someone wants to sell they hit the bid they don't leave it on the ask and wait..
It does matter because it shows a stock that is not trading in an orderly manner which lead to manipulations as we are seeing now as the pps bounces around.
All above is IMO.
6,389,776 warrants. One for every share bought during PO
2. They can still trade until they are exercised even over the strike price of $4.04 correct?
They can be traded up to expiration date of 03/14/2024
The strike price is 3.44 not 4.04.
3. Why offer the warrants at such a lower price? Should they have not been offered at 60-70$ of the Offering price?
Warrants are given FREE to those who bought shares from PO. So for them to exercise the warrants would cost them $3.44. Since they were free, sell now and get the Free money and lower the cost of PO shares. This is why some may say this warrants deal wasn't a good deal for VERB: The buyers get a even bigger discount and it add some dilution in the future.
3. Someone commented on the spread Bid/Ask. I don't think it really matter. When someone wants to sell they hit the bid they don't leave it on the ask and wait..
It does matter because it shows a stock that is not trading in an orderly manner which lead to manipulations as we are seeing now as the pps bounces around.
All above is IMO.
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