RALP2.BW is cashing out at $42 approx in 3 days and is currently priced at $16.75. That gives it a DROI of approx 49; yet it has hardly any volumes today and number of warrants long is lesser than Aquaman or Spiderman warrants, both of which are weeks away from maturity.
Even more amusing is that the IPOS in last couple of weeks have seen much more volumes (for ex: Bad Trip, The stand-in, Brittany runs a marathon, Zola etc etc) where no matter how you assess, the DROI cannot even compare with RALPH2 DROI (for the remaining time of the warrant)
And chances of missing the listing seems very low as BBW have a separate listing and market calendar is also helpfully updated atleast a week in advance.
What am I missing here? Can somebody clarify for me.