YOLOMAN87
$XRPNW $XRPN
The warrant/common disconnect is still the story nobody should ignore.
Thursday’s XRPN close: $24.20
XRPNW last observed: $4.58
Warrant strike: $11.50
Theoretical intrinsic reference: $12.70.
But here’s the catch: exercise and settlement conditions still matter, and the common price can collapse toward the warrant instead of the warrant catching up.
The Oct. 5 amendment removed the 30-day contractual wait. Now we need the CLOSE, warrant-share registration, and actual exercise processing.
I’m bullish on the opportunity, but watching the mechanics—not blindly predicting a squeeze. 👀
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