RE:so you guys are finally understanding warrant tcf.wt is hugeIn truth it is likely much more than 100% I used one dollar as an example. But the higher the share price goes, the more drastic the warrants give a better return. For example last Friday the share price is 34 cents on the asks. And the warrants are 17 cents on the asks. So you can have the shares or liquidate shares and have twice as many warrants because the warrants are HALF price. But as share price goes up, the WARRANTS FOLLOW the share price but are always 50 cents less plus the time value. So let's say share price went to 5 dollars in 2 and a half years. The warrants are NOT half but are only 50 cents less plus any time value. So they would be about 4.55 because the time value is very little now. But 4.55 is very close to 5. But you have double the number. But let's use a more realistic number. Share price goes from 34 cents today to 1.36 by 7th well successfully drilled and producing. ( it might be much more but for purposes of showing advantage of warrants let's use this number) so that's a 300% gain on your shares. If you had 10 Grand invested in shares at 34 cents, at 1.36 you have 40 Grand. Now had you sold your shares at 34 cents and bought warrants at 17 cents and gotten twice as many, how much would you have made? Well with share price at 1.36, the warrants are worth 50 cents less plus time value. So they are worth 86 cents plus time value. Since 7th well is completed in 11 months, the warrants will still have two years left on them. So easily the time value could be 16 cents. So warrants would be at 1.02 . But your warrants going from 17 cents to 1.02 is a 500% GAIN. Your 10000 dollars is now worth 60 GRAND. YOU actually did 200% better than if you owned the shares at 34 cents and rode it up to 1.36. Warrants are 95% of the time better...as long as stock is going UP and gets in the money.