you will not loss your investment

[biotec]

Ive been holding back on this issue, But needs to be put out there. I've read a couple forums where investers that have options and warrants, or want to buy some think if a buyout/partnership/acquisition happens will make there investment worth 0.This is not the case. Im sure more savvy investers will give more info. But If there is ever say a buyout, There taking in all outstanding warrants and options.

[liane]

In general, in a buyout, if the strike of a call is below the buyout price, its value will be ~ the difference between the buyout price and the strike. Here's a good link:

people.opposingviews.com/happens-stock-options-one-company-bought-another-6005.html

[babaoriley]

biotec, you must differentiate between options, which are treated as Liane says, and warrants, which are treated differently, as they are a security of the issuer (MNKD). Options are not, they are made up of wholecloth, and just trade based on the trading of the issuer (the first derivative). With warrants, I believe there is some value given to the time left to exercise, so all of the time premium is not swallowed up by the takeover.