You're missing the point ER. Tens of millions war
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Posted On: 07/23/2022 10:36:57 AM
Re: Evil Rabbit #126768
You're missing the point ER.
Tens of millions warrants expire in the next year if they aren't exercised, and most aren't in the money today- though much closer than last week. For me, a $10 dollar offer today is the same as a $43 dollar offer next June and beyond. Now my holdings are more unbalanced than most because I took some off the table in the $3-5 range, but I personally know holders of millions of shares being held by people with 2-1 warrant coverage. The 2017/18 Paulson raises were seemingly every 60 days for awhile. For them, accepting an offer isn't "short sighted", it's the only rational decision.
Tens of millions warrants expire in the next year if they aren't exercised, and most aren't in the money today- though much closer than last week. For me, a $10 dollar offer today is the same as a $43 dollar offer next June and beyond. Now my holdings are more unbalanced than most because I took some off the table in the $3-5 range, but I personally know holders of millions of shares being held by people with 2-1 warrant coverage. The 2017/18 Paulson raises were seemingly every 60 days for awhile. For them, accepting an offer isn't "short sighted", it's the only rational decision.
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