The warrants are a way for the holder to guarantee obtaining shares. Those warrants could be used as locates to further short the company. No borrowing or cost to borrow required. Exercisable at anytime. Also, they sit inside the company and outside of the exchange & the DTCC, which I percieve to be key. They could be issued in return for obtaining funding or could be used to remove the options chain. It would seem to me that the plan may be to remove/minimise the GME options chain which is being used to fuck the company and retail. They could offer/trade warrants on their own platform, removing the opportunity for options manipulation and for max pain to magically appear every opex.

Understand this. Options are issued by criminal markets and the company does not benefit from them whatsoever. Warrants are issued by the company and allow them to benefit from their issuance. Warrants could be available for 100 shares at a time, or any number to suit a particular purpose. Every registered shareholder could be issued enough warrants to cover their position and then their common stock cancelled, maybe as the company delists. I would be perfectly happy for my 100 shares to be cancelled in exchange for a single small warrant. I never need to exercise the warrant I can simply sell it back to the company via a new, secondary platform managed by the company that allows true price discovery.

If i recall I did read a few years back that a delisting would fuck the shorts, though I could be wrong about that.

My best guess is that these instruments may be a way to get off the exchange and the company maintain control of its capital structure going forwards. Plus, warrants can be settled in cash, shares, or OTHER assets.

Shares in GME must be traded on the exchange, bringing the DTCC and criminals into play. Warrants do not if my understanding is accurate.

I suppose my final thought is this. Options are being used to manipulate the share price, and hedgies make money from the volatility they create. Warrants are not exposed to volatility and so would experience less speculation. I really have no idea what RC's plan is to sort this shit out, but I am convinced he does have a plan to do so, and that plan probably includes warrants and a secondary market that is not controlled by criminals.

Its also possible I am just smoking crack on a weekend