I wanted to share my experience with TD Ameritrade
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Posted On: 07/15/2021 2:52:37 PM
Re: Poseidon360 #23610
I wanted to share my experience with TD Ameritrade.
Faced with the exact same situation with the warrants, coming up with the money to “exercise” the warrants at $3.44, would require selling some to cover costs. I have since learned that TDA would assist in the conversion with a loan in the size needed, using the warrants as collateral, and then you could pay back by selling shares or money from other places. Maybe other brokers will work with you as well.
I plan on borrowing the money to “exercise” them all. The interest will be minimal, compared to the growth potential.
The cool thing is, we have 33 more months on warrants.
It is interesting, that our stock price did finally pass the exercise price of the warrants today at one point.
Faced with the exact same situation with the warrants, coming up with the money to “exercise” the warrants at $3.44, would require selling some to cover costs. I have since learned that TDA would assist in the conversion with a loan in the size needed, using the warrants as collateral, and then you could pay back by selling shares or money from other places. Maybe other brokers will work with you as well.
I plan on borrowing the money to “exercise” them all. The interest will be minimal, compared to the growth potential.
The cool thing is, we have 33 more months on warrants.
It is interesting, that our stock price did finally pass the exercise price of the warrants today at one point.
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