SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: STEAMROLLER who wrote (49004)1/28/1999 7:01:00 PM
From: BarbaraT  Read Replies (1) of 119973
 
AHWYW

SR ... all I can tell you is from personal experience. I have had warrants for many issues. ON at least 3 occasions, the warrants were either called or expired. I panicked as expiration time drew near and sold them because the warrants were crashing in price (about a week prior). And then what happens, the warrants went up in tangent with the stock and were trading much higher than when I sold them - up to the actual day of expiration. All you have to do is notify your broker that you want to exercise them prior to midnight of the expiration/call date, and you are on record. I have learned that when warrants are called, people sell. But the smart money buys them on these dips. Of course, that is depending on the value of the underlying stock. If the stock should go down, the warrants will go down with them. But insofar as calling them in - I have lost a lot of money several times by not wanting to wait until the last minute.

Just my personal experience with this. The important thing to know is the actual call date - and this I don't know. So, if anyone has the exact information please post it. If I still have the warrants at that time, I need to notify the broker before the close that day to exercise the warrants. Otherwise, I am in trouble.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext