I was just doing some thinking and math, about the current gap between warrants and shares, and came up with this...
If I sold my 500 shares ($23,605) that would generate enough capital to buy 785 warrants ($14,514) AND pay for the upcoming exercise fee on those 785 warrants (785 x $11.50 = $9,027)
So I could essentially swap my current 500 shares for 785 shares (post exercise) for zero cost, other than the Cap Gains tax (I paid $11.75 per share for them in Oct '21)
If the price gap between warrants and shares continues to increase then I'm going to seriously consider this.
Nice. I've got 2,000 warrants in my IRA, but at $12.82 cost basis. So I'm still up on those, but I wish I would have loaded up when they were dirt cheap, like you did!
Could the cabal try a hostile takeover? . A hostile takeover bid is an attempt to buy a controlling interest in a publicly traded company without the consent or cooperation of the target company's board of directors....
Half the time I couldn't possibly guess the reason but I've definitely seen clear and consistent bumps with the primaries and now trial news. The ones I can't explain I can only assume are the result of powerful people trying to push it one direction or the other.
I am guessing it from the SEC cracking down on short sellers after Nunes' complaint a few weeks ago. That's just my 2 cents (& probably why it hadn't skyrocketed a year ago)
Picked up 300 more warrents.
Thanks for the dip.
I was just doing some thinking and math, about the current gap between warrants and shares, and came up with this...
If I sold my 500 shares ($23,605) that would generate enough capital to buy 785 warrants ($14,514) AND pay for the upcoming exercise fee on those 785 warrants (785 x $11.50 = $9,027)
So I could essentially swap my current 500 shares for 785 shares (post exercise) for zero cost, other than the Cap Gains tax (I paid $11.75 per share for them in Oct '21)
If the price gap between warrants and shares continues to increase then I'm going to seriously consider this.
I've thought this too. I'm sitting on ~500 shares, and I loaded up on warrants when they were about $4.50.
Nice. I've got 2,000 warrants in my IRA, but at $12.82 cost basis. So I'm still up on those, but I wish I would have loaded up when they were dirt cheap, like you did!
Sell them high and buy the warrents low,have a thousand or more. Just have to risk the price spiking and you have neither......
This up and down shitshow is going to continue for awhile I bet.
Any idea when we can convert warrants to stock?
No. We are just waiting on the company to ok it.
Thank you
DJTW?
DJTWW is the ticker for the warrents.
Could the cabal try a hostile takeover? . A hostile takeover bid is an attempt to buy a controlling interest in a publicly traded company without the consent or cooperation of the target company's board of directors....
No it's all owned by retail investors and insiders. Trump owns more than 50% himself.
Thanks for that info.
Now that I’m in I am glued to the price throughout the day. It’s a wild ride.
Me too!
Did some big Trump news break? That stock seems to be been moving a lot based on his campaign.
The moves on DJT are even wilder than crypto. Gigantic swings on no news at all.
Maybe some people are trading it based off trial activity?
Half the time I couldn't possibly guess the reason but I've definitely seen clear and consistent bumps with the primaries and now trial news. The ones I can't explain I can only assume are the result of powerful people trying to push it one direction or the other.
I am guessing it from the SEC cracking down on short sellers after Nunes' complaint a few weeks ago. That's just my 2 cents (& probably why it hadn't skyrocketed a year ago)
Hedge funds are moving it up and down to keep people from buying options and to discourage investers.