Hi Valley,
Warrants always have 5 letters for the symbol, so the warrant is GTLTZ.
Warrant is a derivative, and works somewhat like an option where it gives the buyer the right, but not the obligation to buy the stock at a set price and before a set date.
Warrants are highly volatile since they are issued by the company in limited amounts and have low "floats". This is why price fluctuates so greatly and why the potential for huge gains is present.
The closer the stock gets to the exercise price, the warrant is technically supposed to follow its movement but at an exponential (not linear) rate.
Options have the "delta" which describes this relationship and the rate of change, but warrants are different and do not have this.
Think of warrants are options lite.
Moving on...
The idea here, and with most OTCBB warrants is to forget the basics of how warrants are supposed to work.
We aren't interested in owning the stock. We want to buy the warrant with the intention of selling it later down the road, sometime before it expires.
It's almost exactly like trading call options.
Hope that helps!
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