I own TTNP in 3 accounts.
Warrants are easy, remember you do not want to keep the warrants to convert to commons because that will cost you out of pocket buying at the strike price.
A couple of simple rules to follow and you will learn to love warrants more than common shares.
1. Check the expiration date for the warrants - do not buy anything that has less than 6 months left (unless its .0001). The longer the expiration the more valuable they can be should a company have a breakthrough driving up the common price to approach the "in the money" price. Simple example: you buy a warrant for .01 and it has a strike price of $1 so you add the 2 and you get $1.01 so once the common sells for $1.02 the warrant is considered "in the money".
2. I will buy any warrant that is trading at 10% of the common share price. Again, if the expiration is longer than 6 months AND if the company looks viable.
3. Once I buy a warrant I put them up for sale at 10 times my buy price and then just watch to see if it has a sudden jump and figure out why and decide if I want to bump up the sell price.
In my 10 years of playing - I have never converted a warrant to common, I want to make money not convert shares.
Warrants are the best way to use leverage when buying with limited funds since I will always get 10 times the exposure as a single share of common stock.
On the TTNPW - If you bought on Dec 10th at .05(the price on the day I put it in the ibox) you could have theoretically cashed out today with a possible 200% gain in a little over a month. This is the beauty of warrants
FYI - TTNP is trying to get approval for a Reverse Split - so far they don't have the votes.