Cel Sci Corporation (CVM)

[Foxwoods Man]

Ok...I promised myself I wasn't going to get into the warrant thing again but....

From this point forward, if CVM reaches $2.00, the stock will appreciate about 100%, CSCIW would appreciate almost 150%.

So...I understand that,

But if the stock languished at $1.25-1.40 wouldn't the warrants stagnate while the equity price gain 25-40%?

I just can't get it in my head that when the equity price is at $1.25 why would the warrants have value over CVM? Wouldn't their value be zero (at $1.25)

I know I wouldn't pay 40 cents (or 2 cents) (CVM $1.25) to buy a warrant that needs an additional $1.25 to exercise when there would be no added cost for just buying CVM...

Honest question....