Still showing 735 O/S everywhere I look. PHOT has to register the shares if/when the warrants are exercised. Registration means informing the SEC. That would be filed. Not yet, but something to watch out for, definitely. It would signal dilution. https://research.scottrade.com/qnr/uploadhandler/z03a7100az14e1a51776b24589bb119522dd424507.htm Top of page 27 they discuss warrants and the procedure. GLTU