Thanks ChuckBits. Appreciate seeing you here from the Hive board. And yes, it's interesting how mining is the term used for bitcoin and Frank Holmes was a gold guy before he became Hive's CEO. This blockchain thing is bigger than we yet know. If it works, the world will be different afterward. I've got a few examples running through my head, but the one that jumps up first is the model of GPS satellites. There is global cooperation there, but not trust. While it's not the world's financial network which has complexities GPS can't compete with, it's nonetheless a tech which has changed the world. Blockchain will be GPS x 1000, or more. <br /> <br /> Since you've given an example using warrants, let me continue with my figuring them out. I understand the leverage part. And using your example, I've worked this through in my head a few times and come up with a variety of answers. If it's not too much to ask, and because visual understanding is always helpful, can you break down the math to what you wrote here: <br /> <br /> "<i>Using yesterday's PPS's, I calculated the potential gain for GWAC vs GWACW. I used $5,000 for an investment example. If GWAC at $15, you would gain an extra $300 with warrants. IMO, not worth it due to extra risk, work, etc. <br /> At a PPS of $30, the additional profit gain for the warrants would be $22.9 thousand.</i>" <br /> <br /> And since we've discussed wine on the Hive board, I can now look at GWAC and see it as the Good Wine Acquisition Corp. In fact, vineyards being tough businesses, no doubt there will be wine SPACs on the horizon.