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Treasury to Sell Stakes in Seven More Banks


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  • 3 weeks later...

An interesting feature with some of the TARP warrants, unsure if all as I have not looked at all of them, but some of the earlier issued warrants are cashless.  Meaning that when you exercise you do not actually put up cash, but receive the equivalent in shares of the difference between strike price and current price upon conversion. 


I have not heard of anyone actually talking about this unique feature outside the also unique feature of the decreasing strike price for increased dividends on the common.  I think some select TARP positions are some of the cheapest investments around.





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