Any one buying and holding the stock at 2x is crazy

William85
2021-09-17

these are the irnt spac warrants (calls). 10 mil of them trade on nyse and they open up for conversion into IRNT shares strike price $11.5 and can be bought for about $10 rn. If you want to buy shares at $10 +$11.50 = $21.50 buy these. its does take 10 days before they can be exercised sept27, and then they become 30 dte calls.
Any one buying and holding the stock at 2x is crazy. Unless they are just looking to be in and out over then next 10 days because these will merge and convert into 10 mil shares of irnt.$LGL Systems Acquisition Corp(IRNT)$

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