Re: That was one sweet day of trading....
in response to
by
posted on
Aug 02, 2018 01:19PM
BDAZ - The short answer is yes unexercised warrants would be worthless once the sale is closed. The good news though is all of the warrants will have a minimum of 45 days to be exercised before a sale would be completed. As soon as a sale is announced a warrant holder could sell throws warrants on the market and no longer worry about them or pony up the dollars and convert them into shares.
tada