The reasons people buying ZAZ warrants1, In general, warrants are high leverage, this means you spend much less to warrants than common shares. Once the common shares are going up, the gains of warrants might 2 x, 3 x, 4 x... common shares;
2. As for ZAZ.wt, the main reason is that it has only 1. 2 million shares, this is very, very few compared with other stock warrants which may have 20 million , 40 million, 60 million.... shares of warrants.
3. Another main reason also is most of warrants are being held by funds/institutionals who got them in its IPO in 2007 and they'll never give out short time. They also like the warrants better than you.
4. ZAZ shares outstanding: 30 million (relatively low), but ZAZ.wt just 1.2 million shares.
That is exactly why people desperately want ZAZ.wt. I've been watching it and will buy at proper prices any time.