Q: I have a question about WTS consolation software INC expiry date 03/31/2040 symbol number C135859 . I own 20 shares with the book value of nothing. This has appeared in one of my accounts and I would be grateful if you could explain what actions I should take. Thank you.
5i Research Answer:
CSU warrants have no value and will not trade unless and until the company calls for redemption its inflation-linked debentures. If called, the company needs to give five years' notice. Thus, we would not do anything here until something else happens. If exercised, the warrants allow debenture holders to convert their debentures to another series. If no debentures are held, the warrants (if and when listed) could be sold, but likely for a nominal amount. Details are here.