We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon
Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Is anyone long on or have any vision on the Nov. 2005 warrants? They are 4 cents (converting at 2-for-1)into the money today with tons of time value left, last trading at 6 cents. Now if IW recovers even slightly with the new financing and new board members in place.....the wt. leverage could be well worth the risk.
This thread has been dead for a while. Anyone out there have any IW ideas/comments? Who likes/hates the warrants?
It sounds like you are describing the warrants issued as part of a recent $1.7 million financing. But as far as I know, those warrants are not trading publicly.
What is being traded publicly (last traded at 6 cents as you wrote) is symbol IW.WT.A. If those are the warrants you are referring to, they have an expiry date in Nov 2004 (not 2005) and are exercisable at a strike price of $0.90, so they are not in the money, in fact they are (obviously) deep deep OUT of the money.
Oh man, Stockpro..yes, I really messed up. I totally confused the "old" warrants (IW.WT.A)with the "new" ones that are not yet trading. I don't just have egg on my face...I have the whole omelet plastered there!!! 30 seconds of dd would have saved me this embarrassment.
I will see if I can get SI to remove my post #1684 because it's just pain WRONG.