RE:RE:RE:Common vs Warrants..... So you are looking for an incentive to buy the warrants.
let's say I want to buy more TLT and the stock is at $2/share. I can buy the shares or I can buy the warrants and exercise them by paying an additional 0.35/share.
So if my choice is buy at $2.00 or buy warrants for $1.50 which makes the most sense? Obviously buying the warrants and exercising them for a total price of $1.85
That incentive will be there right up to the breakeven point for a regular investor which would be warrants trading at a discount to the common shares of 0.35/share.
Markets work due to arbatriage so knowing what you want to pay for the common it is a simple matter to figure out what the equivalent price for the warrants would be and hit the trade button if the offer on the warrants is lower.
I could also imagine that when tax loss selling is underway an investor could buy the warrants as a shorter term hedge during the period they no longer own the common.
Warrants are a different instrument and provide investors with additional ways to invest tax effectively.