Here is why I prefer the verb warrant.
5,000.00 /.75 = 6,666 warrants
now lets say the sp goes to 20.00
6,666 x 20 = 133,333 - 27,951 (22,951 strike + 5000 inital warrant fee)
105,382 net profit (minus minimal broker fee of 40.00)
----------------------------------------------
Now buy shares with the same 5k
5000/2.1 sp = 2,380 shares x 20
47,600 - 5,000
42,600 net profit