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Strategies & Market Trends : 50% Gains Investing

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To: Biomaven who wrote (117963)	2/19/2014 10:09:54 AM
From: Elroy	Read Replies (1) of 118717

>>so they're worth at least the MHR share price minus $8.50 One would think so, but not really. I didn't see any requirement that the company actually register these shares (but I might have missed it - didn't read carefully). I think when you say "register these shares" you mean "activate the warrants". Correct, if the warrants are never declared effective they're worth zero, and they'll never trade so their theoretical price doesn't matter. But I think MHR wants the cash they would generate, so once they can I would expect them to activate them. Once activated they should have a price similar to a long dated MHR $8.50 call option. Why wouldn't they? Interesting times for me, I'm still long MHR but have sold Feb $9 covered calls against my position. Wonder if I get to keep them or will lose them by Friday. Hopefully it closes at $8.99....

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