ERF Wireless, Inc. (ERFB)

[nick7771]

Hal1, the way this usuallu works is a warrant is just an option to buy stock at a certain guaranteed price for some specified time period(usually 3 to 5 years). You watch the stock trade until the price is somewhat above your option price (in the money) and then you buy the stock at the option price and simultaneously sell this stock on the open market at the then current trading price (flip the warrant)and pocket the difference. You would normally never purchase the stock using the warrant until you were in the money. This is all I know about warrants. I hope my simple minded (has to be for me to understand) explanation helps.