• Financial leverage.
• Is a measure of exposure. It relates the number of warrants that can be purchased for the same price of the stock. For example, if the stock is trading at 150 and the warrants are trading at 30, then the gearing is 5.00 or 5-to-1.
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Discovery consists of looking at the same thing as everyone else does and thinking something different. - Albert Szent-Gyorgyi, 1937 Nobel Prize in Physiology and Medicine
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