You must understand the terms of the Cornell warrants. If the pps rises Cornell is entitled to convert into fewer shares per warrant but sell at a higher price. If the pps declines Cornell is entitled to convert more shares per warrant but sell at a lower price. Cornell does not care what the pps is as they will get the same amount of money either way. Cornell just needs buyers.
I suggest you go to an old filingss and read about the warrants.
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