|
Post by sportsrancho on Mar 17, 2019 14:49:15 GMT -5
That makes sense.
|
|
|
Post by traderdennis on Mar 17, 2019 15:49:24 GMT -5
I want these warrants to go unexercised ...worthless..... We sold 20% of the company at 1.50 as it stands and I dont want to sell any more of the company at this low a valuation..... there is enough cash for a fair amount of time presently ....if we deliver more growth aspects whether it be rising scripts, pipeline movement, etc. we should see a higher share price which we can then use to our advantage in raising funds at a more tolerable level.... I don't want to see warrants reissued at 3 bucks either...... I think if we execute we can raise funds with a market cap of at the very least a billion within the next year hopefully higher There is enough cash brought third quarter and the closer you get to third quarter the more pressure on the downside happens waiting for the next financing. There is not enough cash to get to December when or if the 1.60s can be exercised.
|
|
|
Post by longliner on Mar 17, 2019 16:06:33 GMT -5
I want these warrants to go unexercised ...worthless..... We sold 20% of the company at 1.50 as it stands and I dont want to sell any more of the company at this low a valuation..... there is enough cash for a fair amount of time presently ....if we deliver more growth aspects whether it be rising scripts, pipeline movement, etc. we should see a higher share price which we can then use to our advantage in raising funds at a more tolerable level.... I don't want to see warrants reissued at 3 bucks either...... I think if we execute we can raise funds with a market cap of at the very least a billion within the next year hopefully higher There is enough cash brought third quarter and the closer you get to third quarter the more pressure on the downside happens waiting for the next financing. There is not enough cash to get to December when or if the 1.60s can be exercised. We just (a few short months back) did a fund raise at $1.50, whether we as shareholders were pleased or not, the company believed it necessary to continue operations. I would think to raise funds at $2.38 three months later is not something the company can afford to pass up, unless market conditions have changed materially in some way shareholders are not privy to. Additionally, if nothing has materially changed it will not come as a surprise to me when the company reloads the shelf in self defense of a hostile takeover. I truly HOPE something has materially changed!!!
|
|
|
Post by sportsrancho on Mar 17, 2019 18:44:18 GMT -5
A hostile take over! 🤦🏼♀️ What about a new molecule. A mile stone payment. The $1.60 warrants?
Not saying I’m against the $2.38 ones getting exercised, I’m just not sure how it would be a tragedy if they did not.
|
|
|
Post by longliner on Mar 17, 2019 19:35:37 GMT -5
A hostile take over! 🤦🏼♀️ What about a new molecule. A mile stone payment. The $1.60 warrants? Not saying I’m against the $2.38 ones getting exercised, I’m just not sure how it would be a tragedy if they did not. I am truly for all the above! I honestly expected something other than what we got prior to the Christmas fiasco. If nothing new is divulged soon......it is what it is. We both want the same thing.
|
|
|
Post by buyitonsale on Mar 18, 2019 0:33:50 GMT -5
Price already passed 2.19 which is the average Sabby would have paid for shares and warrants price.
Nobody leaves money on the table, It does not matter how they choose to convert. Even at .10 profit 28M shares represents $2.8 M.
Warrants will be exercised.
|
|
|
Post by longliner on Mar 18, 2019 0:43:36 GMT -5
Price already passed 2.19 which is the average Sabby would have paid for shares and warrants price. Nobody leaves money on the table, It does not matter how they choose to convert. Even at .10 profit 28M shares represents $2.8 M. Warrants will be exercised. Cool, I unfortunately do not have your level of understanding in this area.
|
|
|
Post by kimi on Mar 18, 2019 3:01:13 GMT -5
Sorry- I don't got that - please explain more detailled.
|
|
|
Post by agedhippie on Mar 18, 2019 8:13:34 GMT -5
Price already passed 2.19 which is the average Sabby would have paid for shares and warrants price. Nobody leaves money on the table, It does not matter how they choose to convert. Even at .10 profit 28M shares represents $2.8 M. Warrants will be exercised. Are you ending up at $2.19 by averaging the December and April warrants? If so it doesn't work like that. Every $2.34 warrant exercised below $2.34 would be a loss so you would not exercise them. You would make more money by just exercising the $1.60 warrants and discarding the $2.34 warrants.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 18, 2019 8:47:01 GMT -5
Individual A owns $2.38 warrants that expire April 9, 2019. Individual A sells a put for one share to individual B for $0.44. One is making a bet SP is above $1.92 and the other, below $1.92. So the issue becomes is there a market to sell puts for the 28mm $2.38 warrants, correct? Without the ability to sell puts on the 28mm shares, the only other way to make money is to hope SP goes above $2.38 and either exercise and sell on open market or short and fill with the warrant. Comments welcome.
|
|
|
Post by traderdennis on Mar 18, 2019 9:14:24 GMT -5
Price already passed 2.19 which is the average Sabby would have paid for shares and warrants price. Nobody leaves money on the table, It does not matter how they choose to convert. Even at .10 profit 28M shares represents $2.8 M. Warrants will be exercised. There is zero chance the 2.38 warrants have already been exercised. If the price rises above 2.38 then they may be exercised and the amount is based on the number of shares traded above 2.38.
|
|
|
Post by traderdennis on Mar 18, 2019 9:18:10 GMT -5
Individual A owns $2.38 warrants that expire April 9, 2019. Individual A sells a put for one share to individual B for $0.44. One is making a bet SP is above $1.92 and the other, below $1.92. So the issue becomes is there a market to sell puts for the 28mm $2.38 warrants, correct? Without the ability to sell puts on the 28mm shares, the only other way to make money is to hope SP goes above $2.38 and either exercise and sell on open market or short and fill with the warrant. Comments welcome. The two primary choices are sell above exercise price and cover with warrants or sell call options pocket the premium and cover with warrants if the short calls are exercised. For 2.38 iwareants there was a period when the stock was up to 2.75 so some warrant holders might of opened a short. Unless they have been sleeping they probably covered below 1.50.
|
|
|
Post by buyitonsale on Mar 18, 2019 9:18:36 GMT -5
Last April Sabby bought 14M shares for $2 via offering and has a right to buy 14M shares via $2.38 warrants. The average for 28M shares is $2.19
Anyone thinks that would they pass up opportunity to make extra money if the share price is above $2.19 ? Given that expiration date is approaching, I’m sure they have a strategy to convert the warrants into profit.
|
|
|
Post by matt on Mar 18, 2019 9:27:07 GMT -5
Individual A owns $2.38 warrants that expire April 9, 2019. Individual A sells a put for one share to individual B for $0.44. One is making a bet SP is above $1.92 and the other, below $1.92. So the issue becomes is there a market to sell puts for the 28mm $2.38 warrants, correct? Without the ability to sell puts on the 28mm shares, the only other way to make money is to hope SP goes above $2.38 and either exercise and sell on open market or short and fill with the warrant. Comments welcome. The option market is not that granular. There is a March 22 put, strike $2.00 with a last sale price of .31. If you don't like the $2.00 price, then the next choices are $1.50 or $2.50 but those markets are very thin. There can always be off-market deals made between accredited investors and/or institutions, but as a general rule you are correct that if the price remains below $2.38 then the warrants will expire unexercised. Also note that there is the "competitive warrant holder" problem if the price is very close to $2.38 at expiration. In this situation it becomes optimal for some, but not all, warrant holders to exercise and the math gets very messy.
|
|
|
Post by bigchungus91354 on Mar 18, 2019 10:22:22 GMT -5
Individual A owns $2.38 warrants that expire April 9, 2019. Individual A sells a put for one share to individual B for $0.44. One is making a bet SP is above $1.92 and the other, below $1.92. So the issue becomes is there a market to sell puts for the 28mm $2.38 warrants, correct? Without the ability to sell puts on the 28mm shares, the only other way to make money is to hope SP goes above $2.38 and either exercise and sell on open market or short and fill with the warrant. Comments welcome. The option market is not that granular. There is a March 22 put, strike $2.00 with a last sale price of .31. If you don't like the $2.00 price, then the next choices are $1.50 or $2.50 but those markets are very thin. There can always be off-market deals made between accredited investors and/or institutions, but as a general rule you are correct that if the price remains below $2.38 then the warrants will expire unexercised. Also note that there is the "competitive warrant holder" problem if the price is very close to $2.38 at expiration. In this situation it becomes optimal for some, but not all, warrant holders to exercise and the math gets very messy. It looks like its going to be a close race, but the chances of the 2.38s getting executed is looking exponentially better than it did 2 months ago.
|
|