Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: koan who wrote (34374)	2/27/2007 9:29:57 PM
From: LoneClone	Read Replies (1) of 78424

Koan, the flaw in that argument is that when the shares are below the strike price for the warrants, each warrant you own represents precisely zero shares of the stock. You control nothing, because until the shares reach the strike price, for each warrant you can only get the warrant bid price, not shares. If yesterday I had had 1000 shares of RNG, they would have been worth $3888. Right now those shares are worth $3570, so the value of your those shares dropped $318. Yesterday, $3888 would have bought 3888/.71= 5746 warrants. Right now those warrants are worth $3505, so the value of your warrants has dropped $383. Remember all you can get for the warrants right now is money, not shares. LC

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