If 2020 warrant (per 2 SPP shares) strike 7.8 cents is exercised when SP =10 cents (very conservative imo for 2020) then notional profit is 1.1 cents less trading costs per each SPP share. Therefore each SPP share actually costs 5.1-1.1 =4.0 cents (Much better if SP at exercise date above this. ... Please check this thinking is correct?
If 2020 warrant (per 2 SPP shares) strike 7.8 cents is exercised...
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