Warrants (Canada & USA)

[Mariner*]

I got burned so many times on option contracts it's not funny. This is much the same. You buy a warrant, unless it is specified your warrant turns into shares at expiration they turn worthless.
A warrant is an "option" to buy the stock at a specified price.
You own nothing but the "option" to buy.
If the stock goes up your warrants can become sought after and then have worth for you to sell them on the open market.
If the stock goes down, well then your warrants for all intensive purposes are worthless.
You are dealing with time decay because the warrants have an expiration date and the closer it gets to that date the more or less they will be worth.
Option contracts in my opinion are the pits. They give me ulcers.
You are time pressed to mature at a profit and be in the money on your contract (above the strike price) in order to sell your contracts for more than you bought them for.
Then there are the costs.
Broker fees (which can run up fast depending upon how many contracts you purchase) and of course his/her commission $$

Bottom line is if you are not a seasoned trader and well accustomed to this type of trading "STAY AWAY"
You can get burned faster than exposing your backside to a blazing fire.
Yes you can make money at it, but the risks far outweigh the rewards.
IMO
Mariner