uWink Inc. (UWKI)

[vivasoft]

The offering includes 1/4 warrants for x number of shares . In my experience this "kicker" is included to sweeten the pot and provide as discount to the shares.

One could purchase X, sell 1/4X, and be left with the same number of shares (3/4x + 1/4warrants) with a 25% return of capital. This enables investors to minimize the capital at risk while maintaining the same potential upside. The shares may be discounted additionally but typically the warrants are offered in an attempt to keep the share discount to a minimum.