DWACU ended the year at exactly….
(media.greatawakening.win)
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There is one DWAC. But the DWAC stock also has warrants (DWACW) and units (DWACU). I am not sure what the difference is between everything except the DWAC is the actual stocks, which is what I bought as well.
DWACW is a warrant, which is a discounted way to claim a share at a later date. After the merger with TMTG, you can exercise the warrant into a TMTG share for $11 per. The risk is that the merger may not happen (though we know it will.)
DWACU is 1 share of DWAC plus half a warrant. It's a convenient way to get a little bang for your buck.
I am personally loading up on DWACW warrants.
I was doing warrants but now I’ve been just doing the class As, since the cost is just like buying a warrant and executing it; 3.50 + 11.50 = 15 More votes and not much potential downside. My average is like high 40s now. Stopped drinking alcohol, a beer is like a share after a tip anymore. Not worth.
I hear you. I'm not doing any car repairs or home improvement because I'm like "Man I could buy 100 shares with that money."
I was considering buying shares instead of warrants, but my goal is to just lock in my position now while the warrant price is super low. When it comes time to exercise the warrants, I'll use the profit from my DWAC stock to pay for it. So by the time the price skyrockets, I'll have thousands of warrants instead of hundreds of shares.
I was buying warrants when they were discounted to the underlying but now it’s a wash so I switched back to A. 11.5+3.5 = 15, I have plenty of exposure to both, but I’m DRSing so I never have to mess with the As again. I’ll end up letting most of my warrants go cashless I think.