Syd,
I may be way off base, but logically (at least to me), the price will have to move above the exercise price before the warrants will have an effect. No one would exercise a warrant at a price above market. I think the real factor will be the expectations for the company's success. Of course some will want to get out as soon as a break even point is reached, but I can't see someone (warrant holders) buying and then selling right away at the same price. On the other hand, if someone has control of enough warrants (e.g., several million) it doesn't take more than a few cents a share to earn a considerable profit. I think the thing that all we (I am assuming most who read the thread are like me.) small investors need to do is keep careful watch on movement after (hopefully) the price moves above the major exercise prices. If I remember correctly, some exercises prices are below $.20. There would appear, if we are quick enough to be an opportunity to trade in and out, pick up a few bucks profit, and then buy back in for the longer term. I don't know if any of this makes any sense, so it would probably be good advice to ignore the above.
Anyway, lets hope there is good fortune ahead for DVGL.
Regards,
Doug M. |
