Posted by Fatso8 > 2014-11-12 00:17 | Report Abuse

This one will see fireworks according to the logic of price for conversion computed by AMMB.

Premium = ((2.90+x) -y)/y

Where 2.90 is exercise price, x=warrant price , y = mother price

Criteria for warrant to be attractive or deem cheap, premium must be as low as possible, y must be equal or higher than 2.90+x. Current price of mother (y) is 2.49. Either AMMB will be wrong or the price of mother will move up soon above 2.90 to make the warrant attractive