Krispy Kreme Donuts warrants.
This board is under construction. I will work on it over time.
A warrant is a security that entitles the holder to buy stock of the company that issued it at a specified price. In this case Shares of KKD at $12.21 if the price of KKD is over that before the expiration date which is 3/2/2012.
You can buy these warrants and trade them like a stock or you can hold them if you think KKD stock will hit the target before expiration.