Warrants.

Warrant Expiry Date Exercise Price Closing (23/9) Underlying Share
BRDB-WA 26/09/2012 RM1.10 RM0.605 RM1.69
TGOFFS-WA 07/04/2016 RM0.55 RM0.860 RM1.29
RAMUNIA-WA 19/12/2014 RM0.51 RM0.260 RM0.49

My basis of considerations:
1. Expiry date : more than 3 years.
2. Underlying share : BRDB and TGOFFS posted profit for the past three years. As for Ramuinia, I believe the SIME-Ramunia "story" still intact.
3. Trading at low premium after conversion except Ramunia-wa.
4. From now till the next 3 years, I think there will be atleast a few rounds of uptrend for our KLSE.
5. Do not put all your money in these counters. My advice will be 10-20% of your fund for this kind of risky counter or use whatever gain from previous investment to try your "luck".

Abritraging opportunity:
Ramunia-PA (20/12/2009), PA trading at RM0.43, conversion 1:1, Underlying RM0.49 ( provide 13% potential return for 3 months), provided RAMUNIA share price hold RM0.49 and above.