I think this is a little misleading. Most of the warrants have an exercise price of $2.00 or under ( minus what people bought them for). So that is really only about $.58 away.
Some of the harder decisions is going to be if it is hovering around the $2.00 mark, do people exercise and be down or still wait it out when it gets close to expiration.
I was planning on exercising my B warrants about mid 2016 so I had plenty of time to go through all of the hoops before they expire.