I used the terms shares and warrants interchangably. I bought the warrants. There is not as much leverage here as I have seen in other warrants, but the $0.16 price was just too enticing.

When ECU is at $10 (gwr1 !), the warrants will be over $9.

So an 18 fold inbrease in the shares ($0.56 to $10) versus a 56 fold increase in the warrants at $9.05 (from $0.16)