Our school district board has been HORRIBLE with the seven seats made up of two patriots and five commies. We had a huge grass-roots campaign and last night flipped the board and will now have four of the seven seats!
From Google: Capistrano Unified School District (CUSD) is the largest school district in Orange County, California: Size: CUSD covers 200 square miles in seven cities and part of the unincorporated area of Orange County. Number of campuses: CUSD has 63 campuses. Employment: CUSD is the largest employer in south Orange County.
Now that the window to convert warrants (DJTWW) into shares (DJT) is open, by paying $11.50 per warrant to convert, then the price difference between warrants and shares SHOULD stay pegged very closely to shares being traded at an $11.50 premium, compared to warrants... But they're currently not.
As I type this, that premium is only $8.63 which means shares are priced at a bargain, compared to warrants. So, basically, $11.50 minus $8.63 equals a discount of $2.87 currently.
Because of this, I'm temped to sell my 2,000 warrants, and use that $ to buy 1,280 shares. Doing this would mean, essentially, that I would be saving ($2.87 x 1,280 = $3,673) vs. if I wait to convert those warrants down the road.
This is in an IRA, so there is no tax implication for doing this. I just wanted to see if anyone had any thoughts on this that I might be overlooking, before I go ahead and do this. Thanks.
