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What kind of stock is this? BSC.WT

post #1 of 3
Thread Starter 
I found this the other day and it basically exploded today. I read the description of it and it doesn't make sense to me.

If you buy this stock what are you actually buying?
post #2 of 3
It is a warrant, kind of a derivative of a stock like an Option is.
post #3 of 3
A "warrant" is "right" to buy a stock at a specified price some date in the future. The exercise of the "right" creates a new share. The market price of the warrant will fluctuate based on the exercise price and the "time value" (time left to expiry) of the warrant relative to the underlying market price of the stock.
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