HDRWMB, page-11

When the price of HDR exceeds the strike price (90c) of the call warrant HDRWMB, the warrant is said to be "in-the-money". They would most likely be exercised in pairs on expiration.

If you bought HDRWMB warrants at 12c each, your "break-even point" is $1.14. On exercise, you would pay 90c per share plus the 24c premium already paid. If the share price is more than $1.14, you could sell each share for an immediate profit.

Unfortunately, when you're warrant is simply "in-the-money", it is somewhat different to a situation where you may be "rolling in the money" (as in King Louis' signature gif).

GK