$10.68 (which is 1.78 x 6) and 15 (2.5 x 6). So price per warrant simply went from roughly $.10-.20 to current $1.60-1.75 with the last 2-3 month move. Split had no affect on number of warrants. These are the ones for 8/14/2014.
Very interesting play if you believe in the 60-80-100 numbers. Get to leverage more shares for less money....or a $5k bet on hard twelve. Could be a tad late though depending on price you pay....very thin. I got my $5k down at $.25 for 20k warrants....really sweet.
Afraid I don't understand.
If 6 warrants are needed per share, and the exercise price pre-reverse split is $2.5 (6*2.5=15), then why are warrants only selling for $1.7 (6*1.7=10.2; for total price of 15+10.2=25.2), when they shld be selling for at least $2.39 (i.e., ($29.35-15)/6; for total price of 15+14.35=29.35)?
Can you plz explain?
Also, what symbol do the warrants with exercise price $1.78 trade under?