Drinking and Trading don’t mix. I accidentally bought equity warrants instead of ordinary stock. How do I make money of of this mistake?


Title says it all. Had a few too many drinks of liquid courage and bought 50 shares of Cresco Labs Equity Warrants (CRLWF) instead of the ordinary shares (CRLBF). I used Fidelity to buy the shares resulting in a fee of $100 (bought 30 and then 20 and didnt notice the $50 fee for each.) So my cost basis is around $8 while the listing price for CRLWF is around $6.

If I sell now, I get hit with another $50 transaction fee, plus lose the $100 and some change. The warrants expire in September of 2022. The strike price is around $9.90.

Is there anyway I can come out of this by either breaking even or making a profit? I’m pretty confused about how to exercise warrants, and how people even make money of equity warrants. Any help would be greatly appreciated.

And no need to call me a moron….i’m very well aware if that. Thank you again!


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