sounds like a logical and interesting thing to do and the upside potential is tremendous; however what happens to the warrants if NOT is bought out by a major? I read an article a while back on what happens to warrants when a company is taken out. One senario is that you will only get your principle. Every situation may be different. Anybody have any thoughts or other information on what would happen to warrants if a company is taken out? The reason I ask is because as Glorieux said the warrant option is very enticing.