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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hi Peter...I bought the warrants in January and sold them last week for a 100% gain and I bought MG with the proceeds. The NGA warrants are still below what I sold them for. Do you think it worth chancing a rebuy? If the warrants are basically a coin toss...ie a 50% chance of either going up or down... then in all probability the chances of making another profit are more remote the 2nd time around. In reality all short term stock purchases are in essence a coin toss even though day traders may take issue with this comment. The probabilities of success are better with a good company over a long term holding. The account is not registered so capital gains taxes will be required. Any thoughts you have would be appreciated.
Jim
Read Answer Asked by James on March 12, 2021
Q: I purchased some of these warrants a few weeks ago. They are convertible at $11.50/share.
I can't find if there is an expiration date for conversion anywhere. Do you know if there is and/or when the expiry date is?
While on this subject can you direct me to any public databases that list warrants and convertible debentures?
Read Answer Asked by DAVE on December 31, 2020
Q: Hi Peter,
I have taken a very small position in NGA.WS using my margin account. I agree the company/warrants are highly risky but I like the 2027 expiry date and that some large investors have put money in. Lion also seems to be making and selling a small number of EVs currently so there is some experience - but certainly it's going to be stretch to scale up. The warrants will either go to zero or pull off a "multi-bagger". I think the warrants should be placed inside my TFSA but I have no contribution room available until 2021. As the value of warrants exceed the $6,000 allowable deposit for 2021 I would need to transfer out 2 or 3 of my CSU shares before the end of the year and then transfer the all the warrants inside the TFSA in the new year as a contribution in kind. Do you think this is a good strategy? Possibly you feel the warrants should be kept inside the Margin account so I could claim the loss! Any thoughts you have would be appreciated.
Thanks,
Jim
Read Answer Asked by James on December 17, 2020
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