RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Someone can explai how the Public offer worksThe issue is you are looking at this without many other variables included. If a person was strictly only investing in this stock and all their money was only ever going to be used for investing in Zenabis, then yes you aren't wrong this is a bad buy. But they aren't. They are making millions in the mean time this chugs along to a point where they can make more cash outside of zena due to the fact their cash isn't tied to this stock but rather they just wait outside the stock risk free (on the warrants only) hoping to make a quick cash in. You have to remember warrants means you don't have to spend your current cash on hand but rather in future you get to. Which means that money is working elsewhere and if zena hits .19 say, well in a moment they can just add .3 per warrant profit directly to their pockets, zero risk. Warrants are also zero risk in the sense that if this does go to zero they didn't lose anything for holding warrants. Basically the risk to reward ratio is 100% all reward with zero risk to losing. Now they risk the stock they purchased at .13, but again that is only a 5 cent per stock risk as they could just sell off the .13 cent share to pay for the opportunity to make quick cash on the back end. They could sell for a loss today but gain that cashflow back and invest elsewhere in the meantime and make more money than waiting it out with Zena. Again, you just aren't considering what can be gained with cashflow in other investments as you are thinking strictly in a very simple, no other variables or investments manner.