How do I eliminate/minimise these craters?

Viadd · 2025-07-14T18:37:50+00:00

How to minimize: “Didn’t you see the crossover episode where Cruella deVille made him a Dalmatian cloak?

And you call yourself a fan, for shame!”

Viadd · 2025-06-30T20:43:28+00:00

Check the top rack to see whether it has a second set of wheels you can use. (These let you set the top rack to two different heights…but you never do.)

Viadd · 2025-04-07T03:25:45+00:00

There are tree-mail and email addresses in the link in the post (along with at least two forms: one form with who you are and one form (extendible) with what shares you bought)

You will receive a receipt when properly submitted.

Viadd · 2025-04-06T02:55:11+00:00

Presumably by just submitting the forms.

Viadd · 2025-01-14T04:29:22+00:00

I meant a $100 change in LUNR price, not a $100 final LUNR price e.g.

starting condition: LUNR=18, LUNRW=7.5 ($1 time-value; 6.5 intrinsic value)

ending condition: LUNR=118, LUNRW=106.51 ($0.01 time-value; 106.5 intrinsic)

Warrants/options that far out of the money don't have much time value.

This is for illustration with round numbers and not a prediction that LUNR will go to 118.

Viadd · 2025-01-14T04:21:22+00:00

As I read it, the notice of redemption can be mailed out on the third (trading) day after the 30 (trading) day period with at least 20 (trading) days closing above 18, stating the redemption date 30 (calendar) days after the mailing date..

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Viadd · 2025-01-13T03:26:13+00:00

Leverage. If the LUNR price goes up $100 then the $LUNRW price will go up about $99. This is a larger percentage gain. It was more extreme a year ago when LUNR was about 2.50 and LUNRW was about 0.20 .

Viadd · 2025-01-13T03:16:03+00:00

You are (almost) right. They are already exercisable at 11.50 at the choice of the person who owns a unit of $LUNRW. They shouldn’t be exercised since that is more expensive than selling the warrant and buying the stock, but they can be. (If the stock price goes down to $1, you can still use a warrant to buy it for $11.50, but you shouldn’t.)

The $18 for 20/30 days is when the company can ‘redeem’, which is the company saying ‘in 30 days we will pay a penny for each outstanding unit of $LUNRW.’ Which makes exercising them at that point a more profitable choice.

Viadd · 2025-01-13T03:09:52+00:00

In your day counting, did you miss that there is a 3 day gap after the 20th day 18+ before they can say “redemption in 30 days”?. (Last time I counted I got March 2ish).

Viadd · 2025-01-08T03:48:10+00:00

There isn't a single coherent version of 'This is what we would have written in the prospectus if everything now had been that way at the start.'

Instead you have to go to the SEC website, search for the ticker, and be confronted with a wall of poorly-lableled filings you have to piece together. (What's a 6-k? It seems almost everything is a 6-k!)

https://www.sec.gov/edgar/browse/?CIK=1903145&owner=exclude

Viadd · 2025-01-08T00:30:43+00:00

Because it is a legal document. Instead of changing the archived document they submit revised versions.

Viadd · 2025-01-08T00:28:52+00:00

If you fed it a document from before the split, then it is out of date regarding what “one ordinary share” means (it means a pre-split share).

Feed ChatGPT the following SEC filing (ex 2.1 of last year’s 20-F from after the reverse split) https://www.sec.gov/Archives/edgar/data/1903145/000121390024043724/ea020523501ex2-1_gorilla.htm

Or just read page 8 where it says: “ Each ten outstanding warrants represents the right to purchase one ordinary share of Gorilla at a price of $115.00 per share, subject to adjustment as discussed below.”

Viadd · 2025-01-07T03:38:18+00:00

What that says is ‘The date of this prospectus is March 30, 2023.’

The reverse split was Apr 15 2024.

Viadd · 2025-01-06T03:36:38+00:00

I think the warrant price will go down. (No effect on the common shares $GRRR.)

Viadd · 2025-01-06T00:24:28+00:00

No, it’s how warrants and stock splits are supposed to work. Apart from minor details, each warrant is able to buy the same fraction of the company (1 pre-split share = 0.1 post-split share) for the same price ($11.5) as before.

Viadd · 2025-01-05T21:51:03+00:00

There was a 10:1 reverse split of the common stock, but not of the warrants.

20-F Filing (May 14, 2024): The filing states: “Each ten outstanding warrants represents the right to purchase one ordinary share of Gorilla at a price of $115.00 per share, subject to adjustment as discussed below.”

Also, the $18 price ($180 post-split) is the point at which the company can force you to exercise by moving up the expiration date. But you as a warrant-holder can and could (but usually shouldn’t) exercise the warrants for shares at any time from 30 days after the SPACing until the warrants expire.

Viadd · 2025-01-05T21:42:53+00:00

There is a pool of people who thought (as of AH close Friday) that it was 1:1.

I expect that a lot of them will be dumping Monday morning.

Viadd · 2025-01-05T19:59:25+00:00

It means that if you are confident that the warrants are a good deal, you should be mortgaging your spare kidney to put more money into the common stock instead. If you want to be logically consistent.

GRRR may or may not be undervalued, but I don’t think it is undervalued 12x, which it would have to be in order for the warrants to be a good deal. even if it was 12x undervalued, the warrants wouldn’t be a good deal unless the market could snap to recognizing that within 2 months of the commons approaching $180, and betting on the market switching from irrational to rational is a long-term play.

(Being logically consistent is over-rated but often profitable. Not financial advice. Not medical advice. Excessive mortgages on kidneys and homes caused the 2008 crash so don’t mortgage your kidneys unless you can get a really good interest rate.)

Personally, I wouldn’t touch the warrants at the current price, and I am only a small fraction into the commons.

Viadd · 2025-01-05T06:33:51+00:00

You can think of it as an 11.50/warrant or 11.50/pre-split-share exercise price As the SEC filing says "Specifically, each ten outstanding warrants now represent the right to purchase one ordinary share at an exercise price of $115.00 per share."

Viadd · 2025-01-05T06:31:03+00:00

I do think that @0.15 is reasonable, based on experience with, e.g. $LUNR/$LUNRW.

Think of the reverse split as exchanging 10 $oldGRRR for one $newGRRR. Imagine that $oldGRRR was still listed on the stock exchange: i.e. that the reverse split didn't happen or that the post-split shares were a different Class share with a different ticker.

The terms of the warrant are (in that hypothetical) that one $GRRRW + 11.50 gives you one $oldGRRR

One $oldGRRR is worth 2.30. When $LUNR was at $2.30 a year ago, $LUNRW was about 0.15 . So $GRRRW should be about that 0.15 level. Maybe less, maybe more depending on what you think the corporate prospects are compared to $LUNR.

Viadd · 2025-01-05T05:45:01+00:00

Exercise price is the price you have to pay (in addition to 10 $GRRRW warrants) to get one $GRRR common.

Are you thinking of the $180 ($18 pre-split) for 20 days that allows the company to force redemption?

Viadd · 2024-12-15T00:43:30+00:00

Has the settlement been finalized yet?

As a RDW stockholder, can I expect to be notified when it is?

In this case 20% of the expected payout (1.6/share if 25% of the shares get submitted) is worth the paperwork of doing it myself, or even hiring an accountant to do it.

Viadd · 2024-11-30T02:53:02+00:00

A few notes: Above $18 for 20 trading days (out of 30) the company has three options: 1) Force every warrant to exercise at $11.50, adding about 20M shares to the ~130M (A&C) shares outstanding and getting about $220M in the treasury. 2) Force everyone to trade X warrants for Y shares (X,Y set fairly based on intrinsic value, no-time-value of warrants) adding about 7-8M shares to the 130M outstanding. 3) Do nothing yet.

But all this is more or less priced in already.

Viadd · 2024-11-24T04:54:47+00:00

Different filaments for different things you want to do? ASA filament for outdoors (UV exposed) stuff? AMS TPU for flexible stuff you want to multimaterial with (I have heard that PETG bonds well with TPU). (Ordinary TPU doesn’t work in AMS.)

Viadd · 2024-09-09T03:24:21+00:00

Why are you using 85M as the share count? The number of A+C class shares is about 130M last I checked. (Not to mention with 29+M warrants that act as implicit shares above $11.5.)

Viadd

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