RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Blinded by hope and greed
Yes. A 2 for 1 ratio Warrant to Share price is evidently optimal along the way thru May 2021. In keeping with your scenerio that there would be a buyout offer at $1.50, then on that news the Share price jumps up and the warrants price will vault up to $1.20 from the price they're selling at.
$1.20 + .30 cents you pay to buy = $1.50
Other experts here will correct me if I'm wrong