RE:You pay the value of the warrants So at $4 /share you will sell your warrants for $1.25 which is $4-2.75? And so you will get a 100% return right? So its best to not activate them but just sell them for the difference in price. So $7 you will get 7x your return vs. $1.77/share when it hits $7 is only a 4x return