(sorry, meant to hit preview - this a bit better)

ECU current = $1.20. Current warrant price = $.60

possible values of stock and warrant in 2014: (with wt premium = $.05)

ECU .-> gain ........ WT -> gain ..... %gain .... leverage (wtgain/stockgain)

$2 ...... 0.8/1.2 .... $1.0 .... .4/.6 .... 66% ..... none

$2.4 .... 1.2/1.2 ... $1.4 .... .8/.6 .... 133% ... 1.3

$4 ....... 2.8/1.2 ... $3.0 ..... 2.4/.6 ... 400% ... 1.7

$5 ....... 3.8/1.2 ... $4.0 ..... 3.4/.6 ... 566% ... 1.79

$6 ........ 4.8/1.2 ... $5.0 .... 4.4/.6 ... 733% ... 1.83

$8 ........ 6.8/1.2 ... $7.0 .... 6.4/.6 ... 1067% ... 1.88

Pick your ECU target, and sleep until 2014...hope the arithmetic is correct.

lotus petals,

gildage