Godspeed 
, I'm out
If @BillAckman manages to get sparc approved the $psthw could be very lucrative - the existing warrants basically convert to sparc warrants with a 23.00 strike and a 5 year term. Disclosure: I own about 35000 $psth shares and 70 leaps. Not advice, just observation.
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Thanks racks- tontards are dropping like gnats.
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They concert to SPARC warrants with a $20 strike, not $23, no?
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I've never touched psth warrants. What happens if sparcs doesn't get approved ? $0?
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If SPARC is not approved and PSTH fails to close a deal in the remaining time period and shareholders vote 'no' to extend the deadline, then yes, warrants would be worth $0. There is significantly more risk with warrants, but much more upside also.
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I've seen Bill talk about a lot of if's that ended in if not's. I sold everything and haven't felt better seeing my accounts moving in the right direction again.
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warrants will outperform shares (in $ terms) in any positive scenario. Even in a bad outcome where shares redeem at $20 and warrants = $0, the shareholder suffers opportunity cost on $19. Having said that, I sold PSTH, bought PSH and am now losing money on that!
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Thanks. Twitter will use this to make your timeline better. UndoUndo
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Are you talking about the warrants that are currently trading
$PSTH/WS? I’m a small investor and see how I could possibly recover some losses if these are the warrants you speak of, assuming you buy at the right price and we get a good outcome. I’m HODLing what stock I have.Thanks. Twitter will use this to make your timeline better. UndoUndo
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PSTHW is up 60% as of this reply, think it’ll hold at that level Andrew?
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