Nov. 21 at 12:55 PM
$BKKT people asking why the warrants are so cheap, my take of why I personally chose to make the bet. Do your own due diligence. Not financial advise, note this is a bet I expect to win.
1) you don’t have a share you have the right to buy a share. The warrants are worthless under the exercise price of
$287.50
2) warrants can carry through mergers but not guaranteed, while they are in talks with DJT we don’t know if it’s a buy out, % interest stake, merger or what. If you’re looking for an example of how warrants can be handled in a merger look at
$GRDI and
$CLSK. The warrants carried to
$CLSKW
I plan to lose 100% of my investment, If they do hit a value of 3.2Billion ish. I bought each warrant at .45 centsish…I’d have to pay .01 cent to convert a warrant to a share over if the exercise price of
$287.50.
I picked up 45,000 warrants cost me
$22,000ish if i lose it all im ok with it. If it hits exercise I see a win of roughly
$12,000,000. If I’m missing anything let me know 😆
