The warrants are merely a way of company to generate more capitol by offering to sell each warrant for $3.00 restricted to stockholders of record 1/5/5.They are not tradeable except as owned shares of individuals that buy at $3,00 for each share they own.A symbol would only identify the warrant for exercise of option by stockholder.Co mailed us info stating this transaction process will be clarified by exercise date.
If you look at the price now the warrants are useless. The price with better news will go up in value, lest say $4, well you then can buy the stock at $3 and you have a paper profit of $1. You can sell or hold for a higher price. The first 6 mos. you can exercise at $3 after June it will be $3.50. I am not a big lover of this stock but I have held, I now have 12,000 shares that will be 24,000 with the warrants, if I excercise.
Broker bud of mine said they're slated for APII.M and he's usually on the mark when I ask him questions. BTW, bought this one based on their products - edutainment is the ONLY kind of presents I buy for friends' kids. That said, I wouldn't object to a 2x + return - especially as it's in my Roth, so tax free baby!
Wit of the day (as heard on XM B'way channel): "Never date a virgin for her motives are adverse. She'll lead a horse to water and then watch him die of thirst" from A Most Happy Fellow <g>