Can someone with knowledge of Warrants explain, page-23

Glen

Yep - agree with your last line.

I don't really have a problem with the price of the warrant being higher than "fair value" so long as it stays that way consistently for the life of the warrant. Thus if I buy at over the odds I also sell at over the odds - "same difference" to coin a phrase.

What has burnt me (NAWWGE from memory) was when they alter the IV mid stream and the warrant price moves outside the published matrix with no forewarning. Apparantly as a mug punter I am supposed to have seen that coming.

Regards and (once again) thanks for your input.