Rick Rule argues that warrant holders should be treated similarly to option-holding management because they are capital providers keeping the company alive, making it unfair that management gets options but passive capital providers get only shares; however, this ignores the practical reality that warrant clipper strategies create negative externalities for other shareholders.

normativepending

Speaker

Antonio

Evidence Quote

I can imagine Rick ru's argument by the way I mean he argues you know why can the management own a fiveyear or 10y year option and me as a capital provider keeping the company alive and financing that company why am I just getting a share

Source

The Biggest Problem With Junior Mining, the Story of a Mine Builder, and a Different Copper PorphyryResource Talks
Created: 8/13/2026, 4:56:03 AM

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