Q: I am not familiar with warrants. I received 300 warrants of WRX (95942C 10 4). How and at what conditions do I exercise the warrants and what is the threshold at which is it profitable?

Thank you and keep up the good work

Q: An interesting Globe article on Sunday entitled “This investor purchases ‘small, obscure, ugly and scary’ stocks” lead me to David Desjardins personal site where he talks about his “Net cash value” investing approach and more specifically his recent research report on Western Resources or WRX which he deems to be trading below it’s NCAV.

What are 5i’s thoughts on Western Resources? Anything you have on the company would be appreciated, thanks!