Can you explain the leverage and mathematical advantage of holding 1.7 billion warrants?
Replied byCollin Kettell
Founder & CEO at Palisades Goldcorp
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: North Vancouver, British Columbia, Canada
Started: 2019
A warrant is an option, but not an obligation, to buy another share for a set price and period. For instance, if you get a warrant at 28 cents and the stock rises to 70 cents, the warrant is 50 cents in the money, giving you huge upside leverage on the trade.
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