warrants, options and rollback bbbc a warrant is a certificate which gives the holder the right to
purchase securities (CD shares) at a stated price within a specified
time limit. They are usually issued along with a new issue of the
security (CD's case the private purchase) as incentment to buy the
new issue.
An option is the right to buy (CD's case) or sell a security at a
stated price within a certain time. These were granted to " directors
officers and key employees". JD and NP I believe.