RE: NQ short position as @Oct.15 I wonder if you couldn't go short against delivery of the issue, in effect you're pre-selling the stock to lock in a bit of profit and get the warrant. Once you receive the stock in your account the short position is closed !!!! The only concern would be not getting enough of the issue to cover the amount you pre sold and then being forsed to buy the shortfall back out of the market.
Just a thought !