Just to add to that, I would not be too concerned with warrants that far out of the money. By the time they are excerciseable, the stock would be trading above 4.17, which would happen over time or with a significant catalyst.
Point being, if those warrants are excerised it is because good things have happened and at that point I dont much care if the stock is slightly diluted. That will already be priced in.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.