Well remember, they're warrants. I paid basically nothing for them and I don't see any reason why I wouldn't do the cashless exercise. I've got about $30k liquid cash that I could use to buy some of them but I don't see any reason why I would do that with a stock this volatile. So really I just...
Imagine you were in this situation, what would you do?
You have warrants to buy 9.5 million shares at 2 cents of a micro cap OTC company currently trading at about 4.5 cents. You also have a cashless exercise option with the following equation for determining what % of the 9.5 million shares...