swf83 Wednesday, 05/13/20 07:42:58 PM Re: jtomm post# 438 Post # of 873 Right, but.... You receive the warrants at the time the units start trading as shares and warrants, correct? Usually 50 days post-IPO. So, if you sell your shares then (after getting your warrants) and get basically your principal back, the warrants are truly a free play at rolling the dice. What you are talking about in terms of the warrants around acquisition time is very true. But generally those warrants will begin inching up prior to then, so if played correctly, you can make a little money. If not played well, then you lose house money. Thoughts?