$0.1333 per share.
When and if the PLSB insiders exercise their warrants Yates will have sold them 15,075,000 new shares at an average price of $0.1333 per share. As earlier shareholders, they probably paid $0.50, more or less, for their original shares. But now, $0.1333 must be what Yates and they agree that's what the shares are worth.
Question: Why do you think it's worth $0.16?