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@PatrickPattersonļ¼š
Thereā€™s no premium hereā€¦.weā€™ve covered this several timesā€¦.the ā€˜normalā€™ gap between common and warrants is $22.00 ā€” the strike price to convert a warrant to commonā€¦.the current gap of less than $22.00 means the common is simply undervalued ā€” thatā€™s itā€¦. If you go back in time ā€” letā€™s say on 8/20/20 when Icahn started his warrant buying spree, the warrants could be bought for $2.99 and the common for $13.40-13.52ā€¦.the $22.00 strike became the standard gap when the common increased & stabilizedā€¦.thereā€™s nothing nefarious here ā€” just that the common is slightly undervaluedā€¦..JW is a lib who hates America & has no standing in the O&G sectorā€¦a sad bitter old woman$Occidental(OXY)$
Thereā€™s no premium hereā€¦.weā€™ve covered this several timesā€¦.the ā€˜normalā€™ gap between common and warrants is $22.00 ā€” the strike price to convert a warrant to commonā€¦.the current gap of less than $22.00 means the common is simply undervalued ā€” thatā€™s itā€¦. If you go back in time ā€” letā€™s say on 8/20/20 when Icahn started his warrant buying spree, the warrants could be bought for $2.99 and the common for $13.40-13.52ā€¦.the $22.00 strike became the standard gap when the common increased & stabilizedā€¦.thereā€™s nothing nefarious here ā€” just that the common is slightly undervaluedā€¦..JW is a lib who hates America & has no standing in the O&G sectorā€¦a sad bitter old woman$Occidental(OXY)$

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