1) Issuing warrants can sometimes signal that a company is desperate for capital or unable to raise funds through traditional methods like issuing equity, bonds, or taking out a loan. This may create the impression that the company is financially unstable.

2) Unlike structured warrants, when a company warrant is exercised, new shares are created, which results in dilution of existing shares and can negatively impact the share price.

3) Like structured warrants, company warrants also experience time decay, though it tends to be slower.

4) Company warrants do not entitle investors to dividends, unlike owning shares in the company.

Since you mentioned you enjoy attending annual meetings, I assume you’re a value investor. I’m not sure if company warrants would be suitable for a value investor, as they are generally considered a short-term speculative product.

Of course you can buy whatever you like, as long as they are available in the market.

But unlike traditional investing product, company warrant is considered highly leveraged with very limited liquidity. I think it is better not to only inform others a list of long warrant counters, but should also explain clearly what are the potential risks and its mechanism involved. that's it.

你说“有这样的母股作后盾， 权证后面会不会很傲娇呢？”

如果假设一个股票今天是$10块钱收盘，你买了10万块钱的母股，我买了10万块钱的公司权证（假设这个权证的strike 也是$10, exp是360天后）。如果一年后的最后一天收盘价是$9.90， 那么你的钱还剩$99,000, 我的钱还剩0。 公司基本面还是很傲娇，股价也没有不傲娇，但是我买的权证10万块钱归零了。

一个人买权证的唯二两个原因是： 1） 初始资金不够买母股，但权证便宜，所以买权证。 2） 权证有leverage ( higher percentage gain).

you get 0 when you buy stocks only when the company bankrupt; you get 0 when you buy company warrants even if you make a very small error on either time or price. The product has its own risk that should not be ignored by any serious investor.

Just one final word: options exist for a valid reason. But from trading perspective, the first thing any sound trading or investing system must consider is “What is the risk?”

When buying outright options, no matter how many winning trades you've had, a single failed trade can wipe out your capital—especially if you're risking too much each time.

So, if you're "lucky" enough to win your first one or two trades, do remember to take out at least one-third to one-half of your profits. Protecting capital and managing risk is more important than chasing gains.

the higher the winning probability for a particular type of trade, the lower the potential return it can generate.
Conversely, the lower the winning probability, the higher the potential return — but with greater risk.

Traders don't focus on just one trade. It's the repetitive nature of trades — the consistency of winning probabilities combined with the profit/loss ratio — that determines long-term success.

If someone believes they've found a trade with a 90% win rate and 500% potential return, that's likely just a wish. If it's a one-off lucky trade, fine. But if they think it can work on a consistent basis, it's nothing more than a castle in the air.