I’m thinking of dropping a hefty chunk of change on them next week. Gonna get a couple shares of GameStop too, because I’m late to the party on that one.
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They just had a rally this week. Might have a slight pullback on Monday. At least stagger your buy ins. That’s what I would do. I think they’re worth it in the long run. Make sure you have 11.5/share to convert once the deal goes through.
Can you elaborate on the 11.5/share please? I'm poor AF but was able to scoop up 2 shares @$26
To convert warrants to the actual share you need to pay another 11.5/share.
So if you have 10 shares, you need 115 plus possible broker fee to convert the warrants to actual dwac shares.
If you paid $10 for DWACW, when the merger completes you can convert the warrants to DWAC for $11.50/share
$10+$11.50 = $21.50/ share of dwac. So if dwac was at $100. Then you just made $100-21.50/ share
If the DWAC price was lower than $21.50 then you lost money.
So if you bought straight DWAC shares then your good? I'm sure you explained it right, I am just perpetually confused.
Buying 1 share of DWACW is buying the right to buy 1 share DWAC sometime in the future for $11.50 You can't buy DWAC yet with DWACW but you will be able some time soon. I am sure that is why DWACW is selling at a discount right now.
Yes if you bought straight dwac you’re good.
Max hype baby! Could be a massive short term gain coming . once in a generation ! The level of hodl in the TRUTH ! Will be like nothing you ever seen before ! MAGA
I have been buying DWAC but about to start buying warrants because the price keeps going up and up and I want to get more for my money.
Warrants are different. You can't just convert them whenever you want there are 2 stipulations, if I recall correctly. You can't convert until after the merger happens or after Sept 29, 2022 - whichever happens last.
For as many warrants as you buy, you have to pay $11.5 each to convert.
The only question I had about warrants and couldn't get an answer on, is in the event (not sure how likely) that DWAC stock or the merger stock splits before you can exercise, do the warrants split as well or are you out of luck on that deal?
Other than that, warrants are a great deal. Keep in mind, as we get closer to the merger then price gap between the two will narrow.
You are definitely not late to the GameStop party. This is a good entry price, and the price is fake anyway. Load up and then transfer to computershare. It’s really not that difficult to do and I can send you in the right direction if you’d like