If you haven’t bought yet, consider these two options before buying.
DWAC is shares, which will be converted to the new company by the upcoming, expected merger.
DWACW is warrants. Each warrant gives you the right to purchase a share for $11.50 post merger.
As the likelihood of the merger increases (and it seems imminent now) then the closer the price gap should get to shares trading at an $11.50 premium over warrants.
Oddly, that isn’t happening right now, and shares are trading at a $30+ premium over warrants. Why? I don’t know. I’m assuming people unfamiliar with the details are FOMO-ing into the stock, unaware how much of a discount DWACW currently is.
I have all warrents, at one time you could buy 4 of them for the price of one share. Even though the stock went up more, my gains are still bigger with the extra warrents.
You(and others) do know you need $11.50 per warrant when you exercise right? Say you have 100 dwacw at $10 each. $1000. At exercise you will need 100x$11.50= $1.150 additional, all in $2,150. Just a heads up, frogs.
If you haven’t bought yet, consider these two options before buying.
DWAC is shares, which will be converted to the new company by the upcoming, expected merger.
DWACW is warrants. Each warrant gives you the right to purchase a share for $11.50 post merger.
As the likelihood of the merger increases (and it seems imminent now) then the closer the price gap should get to shares trading at an $11.50 premium over warrants.
Oddly, that isn’t happening right now, and shares are trading at a $30+ premium over warrants. Why? I don’t know. I’m assuming people unfamiliar with the details are FOMO-ing into the stock, unaware how much of a discount DWACW currently is.
I have all warrents, at one time you could buy 4 of them for the price of one share. Even though the stock went up more, my gains are still bigger with the extra warrents.
You(and others) do know you need $11.50 per warrant when you exercise right? Say you have 100 dwacw at $10 each. $1000. At exercise you will need 100x$11.50= $1.150 additional, all in $2,150. Just a heads up, frogs.
Yes I know.
I can also just sell them and buy the stock. Or sell some and convert the rest.