Considering that Mazan probably has around 20 times what you have invested and a pretty shitty average compared to what the share price is at the moment, you have no right in saying he has less risk because of these warrants, not that you would know that, but please stop the victim pitty party by fouling Mazan. We're all in the same boat, Mazan just went deeper under water to try and save himself and you in the process.