2 Comments
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Getting alpha's avatar

I agree with everything except the warrants . They are not a trade as they can be redeemed at $18 for a penny. There is no upside. You are right that the common is the only way to invest but you should have been stronger that warrants are not investable any more

Shawarma Capital's avatar

Nice callout. I was actually in the process now of digging into the cap and warrant structure