That makes sense. But there's now 200,000,000 warrants floating out there. I would think it reasonable however that considering this stock has been flat/down for so long, the warrant holders may want to see some immediate cash back from their investment even if it is a small margin. There's nothing to say they cant still leave a portion in play riding it out for higher gains.
I suppose it all boils down to how friendly the warrant holders are towards the company. ECIG doesn't have a ton of cash laying around to cover a large warrant sell off, and would probably prefer to save the cash influx from warrants exercised to fund future operations rather than blow it all buying back the shares. Too many warrants in play at once could be detrimental.
Again, back to my original point, maybe Dan's investor presentation is timed in order to bring enough interest to the stock that a big warrant selloff wont hurt the company. It's possible he's conspiring with the warrant holders in order to ensure they can realize a short term gain without damaging the company.
