Nice catch even .025, if i'd thought there was a chance i'd have had some nickels in there
My table-pounding was strictly in re the snd common, fwiw, wouldn't ever ballyhoo a warrant with less than a couple of years in it at least ... eleven months on the snd.wt, needs near a double on the common, hmm, yet the gearing [at .025/.39] is 15.6 times, hmmm ... but for every nickel i have in the wts, i've got thirty or forty in the common, it'll stay that way too
Messrs Watson, Avram, et al are going to go places in this business, that is for sure ... the ssl/ssl.wt pattern early on was the same as this with snd - the early financings get sold big for month after month just above cost [and at this same combined .40ish price], institutions taking their five or ten per cent and doing lord knows what with the cash, maybe they just shuffle it back and forth between themselves, i dunno ... then, streams start to come in, get stronger, a risk-on period begins in their products, and yee-haw, we're off ... could that happen before Christmas when those wts expire, who knows but the watch will be decent entertainment eh |
