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To: koan who wrote (34374)	2/27/2007 7:06:46 PM
From: Claude Cormier	Read Replies (2) \| Respond to of 78424

- Because they both resepresent the same thing, 1,000 shares of stock. I think that is true only when the warrant is in-the money and most of the warrant market value is represented by its intrinsic value. At the moment, RNG warrants have no intrinsic value but only time value (or premium). People pay a premium hoping that the warrant will eventually represent the samething as a share (i.e will have intrinsic value and be exchangeable against a share). Until then, the warrants are a claim on evntually and potentially becoming the same as a share.

To: koan who wrote (34374)	2/27/2007 7:44:19 PM
From: Gib Bogle	Read Replies (3) \| Respond to of 78424

Now I'm worried about you, koan. All the stuff we own, shares and warrants, is tradeable, and it is worth what the market says it's worth at any time. The RNG warrants are today worth 9% less than what they were worth yesterday. Nobody knows what they'll be worth next week, next month, next year. I really can't understand why you are denying this obvious fact.

To: koan who wrote (34374)	2/27/2007 9:02:12 PM
From: Chuckles_Bee	Read Replies (3) \| Respond to of 78424

"...but much more rewording" Freud is rolling in his grave. <g> Just kidding. You focus on same # shares. I focus on a given amount invested and the +/- result. ...and I'm guessing...never the twain shall meet...lol I can't speak to how others invest, but I have a generally set rule of X amount per company per run. Whether stock or warrants, the $ is the same. SO....warrants on a down day SCREW me MONSTER ...and WOW my senses on an up day. It's all good....as long as people understand the leverage/volatility on the down side as well as the up side. PS: Poker is NOT complicated (simply odds +/-).....but the players indeed are. CB.

To: koan who wrote (34374)	2/27/2007 9:29:57 PM
From: LoneClone	Read Replies (1) \| Respond to of 78424

Koan, the flaw in that argument is that when the shares are below the strike price for the warrants, each warrant you own represents precisely zero shares of the stock. You control nothing, because until the shares reach the strike price, for each warrant you can only get the warrant bid price, not shares. If yesterday I had had 1000 shares of RNG, they would have been worth $3888. Right now those shares are worth $3570, so the value of your those shares dropped $318. Yesterday, $3888 would have bought 3888/.71= 5746 warrants. Right now those warrants are worth $3505, so the value of your warrants has dropped $383. Remember all you can get for the warrants right now is money, not shares. LC