RVX is at $3, the WT warrants are at $1.95 while the A warrants are trading for $1.18

The WT warrants are in the money to the tune of $1.05...so if you buy them at $1.18 the difference is only 13 cents.  I assume that would be considered the premium...about 11%.

The A warrants are out of the money by $1.60, so if you pay $1.18 for "A" warrants the PPS has to get to $4.60 + $1.18.... $5.78 in order to just break even on coversion.  That's a 93% increase over our current $3 PPS

If RVX does get to $5.78 then the WT warrants would be in the money to the tune of $3.73...put that same 11% premiim on them and they'd be trading at $4.14 

Just trying to get a handle on what makes the most sense right now....and it seems to me that the RVX.WT $2.05 warrants expiring in 2021 probably make the most sense for someone bullish on Resverlogix.  

The wild card I guess is...who knows what the $4.60 RVX.WT.A warrants would be trading at in this scenario.  The A warrants in this hypotheical would be in the money by $1.18 which is what they're trading for right now....so the only potential gain would be in the time value premium and it seems that fluctuates wildly.  

I don't know if anyone else is considering this...if so I'd welcome any feedback about whether you think I'm on the money or out to lunch.....or anything I missed or didn't consider.