RE:Maxmoe Whatever. When you figure it out, or somebody else successfully explains it to you, a simple "sorry" will suffice. You buy warrants at 18 and I'll buy stock at 36, all day, every day, and I'll make more money every time. Just don't mislead others with your woefully poorly informed comments. K. A year from now when the stock is 72, I will make 100% return, and you should /would/could have too. How can this be? Because you STILL have to cut a cheque for 50 cents per share. I won't. I will own the stock outright at 36. You will be locked in at a cost per share of said 50 cents exercise per share PLUS the 18 or 18.5 you paid for the warrant, for a total of 68-68.5 cents, which I'm rounding to ZERO return. I actually feel bad for you that I can't explain the math in a way you can understand it and as a result you'll not only miss out on profit, you'll be exposed to the risk of the warrant expiring worthless, a 100% loss on your investment capital if TCF closes at 50 or less. or losing some of your capital if TCF ends up less than the 68-68.5 cent equivalent you paid. Nothing but the best for all us TCF shareholders!