I bought a small amount on vanguard app (i know its not the best), and I'm on the fence about buying way more. Honestly don't have a full understanding of what DJT stock/company is other than truth social. Convincing arguments appreciated, any links I should read post them please!
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I think this is accurate, but do you're own verification. Warrants are the "right to purchase" a share at 11.50 during whatever the exercise period is. It's a gamble for sure. Right now, djt is 50.99 and djtww is 22.26. I believe that the exercise window will push the 2 relatively close to a price gap of 11.50. You also get charged on the "profit" you gain by exercising. So, if you were to exercise right now, you'd get a ~51 share for the price of 22.26+11.5 = ~33.75 (again there are some tax implications on exercising in that you just got free profit of ~17.25). I'm fuzzy on the details around what exactly is taxable on the exercise, but I don't really care.
It becomes a losing strategy if $djt drops to under 11.5. If that's the case, you're paying more for the stock than buying it outright.
It becomes a winning strategy if you bet that the stock is under valued and will continue to climb because the % increase on warrants "should" be more than the % increase of the stock, so your money should have more room to grow.
It's hard to speculate numbers, but I've have significantly better (unrealized) profit on warrants. However, I was lucky enough to be one of the day 1 or 2 investors of $DWAC where I got super lucky and bought in at $112/share (sarcasm). It shot up like a rocket on day one. Lucky me! I plan on holding a long time, but I'll sell some of those to cover the exercise cost of the warrants.
I have no clue when the window to exercise will be. I've looked and I'm not sure.