I'm not convinced that institutions would convert
Post# of 32649
(Total Views: 497)
Posted On: 02/22/2020 11:31:56 AM
I'm not convinced that institutions would convert this early as the warrants are years from expiry.
They have no additional money at risk and they, in my opinion, aren't too worried about capital gains.....they almost always can balance gains with losses.
Pretending that I am an institution, I would never convert my warrants until near expiry (if the shareprice is >>>$4) as I only have 40cents/share at risk. If I converted I would have either a lot less shares (after taxes) or I would have to put much more money at risk....which always could be used elsewhere.
An institution would have to be fixated on long term gains to convert early. I think most institutions are more concerned with not losing the money of their clients.
As much as we like VERB and its prospects there is NO sure thing.
They have no additional money at risk and they, in my opinion, aren't too worried about capital gains.....they almost always can balance gains with losses.
Pretending that I am an institution, I would never convert my warrants until near expiry (if the shareprice is >>>$4) as I only have 40cents/share at risk. If I converted I would have either a lot less shares (after taxes) or I would have to put much more money at risk....which always could be used elsewhere.
An institution would have to be fixated on long term gains to convert early. I think most institutions are more concerned with not losing the money of their clients.
As much as we like VERB and its prospects there is NO sure thing.
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