'My intuition is that less than a quarter in strike price better be worth a year of time value or the underlying isn't worth looking at in the first place.'
That's brilliant, i never had that thought exactly, but should have ... down the road a ways, with both warrants in the money and the time-value spread between them widening, they'll be worth the same at some point, then progressively the Bs stand a good chance of taking the lead, assuming the common has made the appropriate chart pattern by then ... which we tend to think it will or we wouldn't have touched anything to do with it, right ... and it should, lawd willin and the commies don't rise
Unless - as DAK and i think Aloha have pointed out - we get shafted in a cheap takeout ... the Bs would be screwed more than the As maybe, as the difference in strike might be deducted from their value, top-down? ... we might have to pay some greedy vulture outfit to accept our B-models, geez that wouldn't surprise me at all, after the pricing trend of Inco through Lionore to Río Narcea .... ah well, can't worry about every little thing on a sunday, i'm off to cathedral, tell the wench to roll out a barrel |
