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Post by babaoriley on May 20, 2015 16:05:16 GMT -5
Savzak, I'm hoping to use this rally to sell most of the rest of my warrants and covert them to $2.50 or $3 Jan 17's, too. I have a bunch of the $2.50's already, and hope to have a few more before long. I won't go higher than $3 strike, though. And when I bought the warrants, I was thinking Jan 2016 would give me a nice cushion in time - LOL!
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Post by parrerob on May 20, 2015 16:11:16 GMT -5
Yes, very cool indeed, but I actually wish there were more Afrezza users near you than shareholders! So shorts will be broken by the latest February 2016? Great, just when my remaining warrants expire, wish you could move that up a month! Hi Baba.... totally agree.... but You know Afrezza in Italy is quite impossible now! We will see if and when... About feb 15 I am so sorry really... I was just thinking of q2 earnings not exceptional (and so manageable from shorters) q3 may be will have a good september but what about july and aug ? When advertising will start really ? So q4 should be "the quarter" and results out on feb..... but I am with You and hope pps will increase much before due to some good news or prescriptions or.... A question for You, please... is it expensive to change the expiring date ? (Like selling your calls and buying at the same pps a different ones ?)
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Post by babaoriley on May 20, 2015 16:26:51 GMT -5
Short answer, "yes." More detail to follow.
The detail is that if you try change out of the money calls, say Jan 16 $5's for Jan 17 $5's, it's pretty steep, close to twice the price.
On the other hand, if you are fortunate to hold some in the money calls, it's not too bad at all, maybe 10% to 15%, for example, for the $2.50 strikes. I think anyone that holds those type of calls, really needs to consider biting a little bullet and rolling them to Jan 17 (and, come this October, strongly consider further rolling to Jan 18!).
The warrants which expire in Feb 2016 aren't bad for a roll either. For example, if you hold 10,000 warrants, that give you the right to buy 6,000 shares at a cost of $2.40 per share, so approximately equivalent to the $2.50 strike price. Soon, I will have sold all my warrants and replace them with Jan 17 $2.50 calls I would buy 60 calls in the above example, which would be about equivalent, and I don't think I'd be out of pocket terribly (and not at all, but you can rarely sell the warrants for anywhere near where they show to be trading).
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Post by biotec on May 20, 2015 17:28:54 GMT -5
Short answer, "yes." More detail to follow. The detail is that if you try change out of the money calls, say Jan 16 $5's for Jan 17 $5's, it's pretty steep, close to twice the price. On the other hand, if you are fortunate to hold some in the money calls, it's not too bad at all, maybe 10% to 15%, for example, for the $2.50 strikes. I think anyone that holds those type of calls, really needs to consider biting a little bullet and rolling them to Jan 17 (and, come this October, strongly consider further rolling to Jan 18!). The warrants which expire in Feb 2016 aren't bad for a roll either. For example, if you hold 10,000 warrants, that give you the right to buy 6,000 shares at a cost of $2.40 per share, so approximately equivalent to the $2.50 strike price. Soon, I will have sold all my warrants and replace them with Jan 17 $2.50 calls I would buy 60 calls in the above example, which would be about equivalent, and I don't think I'd be out of pocket terribly (and not at all, but you can rarely sell the warrants for anywhere near where they show to be trading). Im keeping the warrants, I still think it will play out well.
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Post by thekindaguyiyam on May 20, 2015 19:51:44 GMT -5
Lovely, classy response, thekindagyiyam, best of luck, and I'm confident you're correct on ultimate success. Much appreciated. Same back atcha and as tiny tim said "bless us one and all".
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Post by mdcenter61 on May 21, 2015 10:56:52 GMT -5
I'm with you Baba, on those warrants - may have to exercise them. I was hoping to ride up and sell before then, oh well!
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