Another warrant holder incentive is in grave risk depending on the election. Joey B is proposing taking Capital Gains treatment off the table and taxing everything at ordinary income. One of the reasons many warrant holders were exercising was to start the clock ticking on their SHARES so they could get capital gains tax rates after a year. For some moderate/large holders of CYDY stock, this potential change in tax code is a huge, huge penalty. Currently, I'd owe 20% gains on my stock. The tax rate on the top end- which many here would be with nice gains- would be 35-39%. Tough to swallow no matter which side of the political aisle you fall on.