"Cashless" means he didn't have the money to exerc
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Posted On: 05/05/2020 11:07:20 PM
Re: I_luv_cydy #32373
"Cashless" means he didn't have the money to exercise his warrants. Hence, a broker loans NP the money to exercise the warrants. He then must sell enough to cover what the broker lent him along with the tax implications. In this case, NP sold all of the shares.
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