RE:RE:RE:Warrants are useless The facts are the warrants are selling at 17 cents, so let's start there. That is a big difference between those two numbers in a leveraged bet such as warrants. 17 cents is the current price.
If I invest in warrants at 17 cents and the share price advances to 2 dollars in a few months, the price of the stock minus strike price would be 75 cents. That doesn't take into account any premium. In a scenario where the price had advanced that fast, some good news would likely have come out and there would likely be speculation of a buyout (and higher stock price in Aug 2022). The warrants could very well be trading in the 0.80-1.00 range. Completely discounting that, the bare minimum they would be trading at is 2 -1.25 = 0.75 cents. That is 4.41x return. Meanwhile, if you bought the shares of the company today at 91 cents, you would have 2.2x return.
The warrants are a leveraged play on the share price, but of course they can expire worthless. But if someone is as bullish as you are over the next 6 months (making this $2 prediction), you would logically buy the warrants hand over fist.
Note that if the price went to $2.50, the warrants would bare minumum be at 1.25 or a 7.35x return versus a 2.75x return for normal shares. See where I am getting at?