lmcat, re: WJHCF -- you're right in saying that the volume was light, but that's because of the relatively high price and wide spread. Liquidity will be better once listed, but indeed the stock is thin and is therefore subject to wild swings.
I have no position in the common, and instead have a large position in the warrants. For leverage, I find those to be the better play.
Solid DD combined with timeliness and conviction is a recipe for profits.