For simplicity, lets assume warrant and jan 2015 $5 call are both at $1. Assume $10,000 investment. Assume share price is as of Jan 2015.
Share price 3 4 5 6 7 10 20
Option 0 0 0 0 10,000 40,000 140,000
Warrant 3,600 9,600 15,600 21,600 27,600 45,600 105,600
Option formula: (Share Price - $5 - $1) * 10000
Warrant formula: (Share Price - $2.40 - 1) * 10000 * .60
I'll warn you in advance, I have a terrible head cold today and thus may have this totally screwed up.