In my opinion, if you give them $50 cash and one warrant, you get one share of stock that is currently trading at $2.40/share. Otherwise, the warrants expire worthless.
These are just the terms of the warrants and as the stock trades @ 2.40---which is btw a new ath---the warrants will expire worth less unless there is a late announcement about an eventually extension.
Again..those warrants are ONLY to be exercised when the stock should trade currently above 50 dollars which is not the case here.....
News 
Market Data 
Discover 
