Aug. 27 at 3:39 PM
$NN $NNAVW
IMO the warrants are too expensive relative to the common. Parity is 5.80 versus
$17.30. I wouldn’t pay
$1.30 premium for them with the stock threatening
$18. The premium will disappear when the company calls them above 18. If suddenly the stock traded at 25 they’ll trade at
$13.50 because they’ll only track to parity.