karennma
8,057 posts
msg #55251
- Ignore karennma |
9/26/2007 2:10:35 PM
Warrant for underlying stock DSTI is symbol DSTIZ.
On 9/12/07 DSTI was $3.76.
The warrant DSTIZ was 0.53 cents.
Today DSTI is $5.53 and the warrant is 1.09.
BUT ... apparently,
the warrant doesn't work like an option.
I didn't double my money.
Understand why?
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jhoffmann
10 posts
msg #55252
- Ignore jhoffmann |
9/26/2007 2:43:34 PM
Warrants are effectively options with certain restrictions. In this case, the warrant can be converted to stock up to Jan 2009 if the stock is at or above $10 a share. Stock is currently $5.60.
Here is the public description of the warrants:
Class B public warrants - 506,660 Class B public warrants will be exercisable at any time after the effectiveness of this offering. The
exercise price of a Class B public warrant is $10.00.
The Class B public warrants expire on February 11, 2009.
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karennma
8,057 posts
msg #55253
- Ignore karennma |
9/26/2007 3:04:05 PM
Thanks Hoff!
That ain't such a good deal.
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