Jun. 15 at 1:31 PM
$PRPL Importantly, most of the warrants have a ten-year issue at a
$1.50 strike but they have a noteworthy redemption clause: if the share price equals or exceeds
$24 on 20 of 30 trading days, they can redeem the warrants by giving 45 days’ notice and exercise within that redemption window at
$0.01/share. This incentive aligns with efforts to push the stock above
$24 again.
Note: the last time this stock did a run up it went from
$4.52 to
$40 within 6 months. And the margins of the products are much better for expansion than they were during that time. So huge potential for profits once demand in the industry turns around. Or they announce international expansion in partnership with
$TPX .
Buy and hold till
$25, easy 30x anytime within next 4 years. Or a full buyout comes sooner and 2-5x current value.
