Triff..
thanks much.. re: today, Draft Kings stk $38.00/ wts $26.05, the spread is
at $11.95, little diff than the exercise cost $11.50.
the DraftKings exercise date is 26Jun.. conversion what, the 25th.
I have a question, is the conversion effective for only the original purchasers
of the warrants?
the reason why I asked, is that years ago I rode an oil wt, that I bought on
the secondary mkt, from like $.25 to almost $15 or so (it too was called but
well after one month of life). that warrant conversion was only effective for
the original purchaser. I dumped the warrants at +$12 or so. I made great
on the trade but much less so because I had to do the dump.
now, Nokola stk is at $73.27/ wts at $23.26, the spread is at $50.01 considerably
more than the exercise cost $11.50.
so, I now am thinking WOW! what will happen.. what are my choices that presents.
It's a rich fluke trade at the moment.
it's going to be a weird late Jun/ early July for Nokola wts.
I don't want to play Nikola to loose whenever the warrant terms. |
