RE:Warrants are higher riskto say warrants are higher risk is not really accurate,especially ones with a lot of time left in them and negligable premium like this.If you bought 100k warrants for $.315(as I did friday),your cost would be $31500.00.If you had bought the same 100k shares friday(from me as I was selling them to buy warrants) at $.60 your cost would be $60000.00.If it goes to say $.30,in both scenarios you are going to loose about $30000.00.Yes all in the warrant case(not really as there will still be some time value) but you only had roughly half the money invested in the first place.The beauty is that your returns,which should go up or down almost lockstep in dollar terms are much greater percentage wise because your initial investement was only half.If it really appreciates, as we hope here,that can make a HUGE difference.The RISK,if you want to call it that, is that one is tempted to buy twice as many warrants as they would shares so the original dollar amount invested is the same.In the same scenario as above you would buy 190476 warrants @ $.315 for the same $60000 as what 100000 shares would cost @ $.60.If it then went to .30 you would loose all again but this time $60k for the warrants and only $30k for the shares.But the upside, if it goes up is WAY better with the warrants.I saw no reason to have shares with almost no premium ($.015 firday)so I sold them all and bought warrants.Hope that helps for some of you who are not familiar with warrants and why,in the opinion of many here,are the better buy right now.To those that are familar with them,sorry for the long rant.