I often end up buying an odd number of shares as u
Post# of 32627
Anyway I was fairly content with the number of shares I had when the uplist to NASDAQ occurred but I never imagined a few months later I would have substantially added to my share count, lowered my average cost per share, and accumulated a pile of warrants at an average cost of 71 cents. So I am actually in the green on the warrants by about 8% although there is no way I could sell all of them at the current price as I have as many warrants as a full day’s trading volume. In fact I have more warrants than shares at this point.
I plan on holding my warrants until I can exercise them and then hold those shares for a long time. Although I may have to exercise and sell shares as I could not come up with the money to pay for all the warrants at $3.44, but I will worry about that when the time comes, it is one of those problems that is a nice problem to have! Some math may be required to figure out the right share price point to exercise them at, or if the price of the warrants is good at that point, just sell some. Anyway I haven’t given it much thought and will have to see what happens when the share price goes over $3.44. I have to take into account the amount over $3.44 minus what I paid for each warrant will be taxable income, so depends on how high the share price is when I do exercise them vs how many shares or warrants I would have to sell, and the tax consequences. The math is a little complicated but not too hard, and I will eventually work out the optimum price point.