RE:RE:RE:Don't sellTuco, you require TWO warrants to buy ONE share, and the exercise price of each warrant is $3.50... So, to use your example, if you buy 2 warrants @ $2.92 ( $5.80 ), you'd also spend another $7 when you choose to convert... So your TOTAL cost per share would be $12.80...
Fortunately, you have almost 2 full years to exercise those warrants, so theoretically ( given Peak's forecasts and all the other good news we've been hearing ), spending $5.80 TODAY is a pretty sweet way to obtain $12.80 shares in a couple years ( which will only cost you that extra $7 by that point )...
Hope that helps...