I think it depends on the investment strategy of the warrant holder. I have a bunch of warrants at $0.75 and I personally would not execute them if the SP was $0.85, but I'm sure there are some that would.
Goldenisla, Your question on Warrants is a good one to understand. As stated many here own Warrants that have a .75 cost to convert. So they are in the money at a SP above .75. It takes 7-10 days to covert a Warrant to a non restricted share that can be sold. The .75 goes into the company's coffers and that is a good thing. The real pressure on the SP above .75 is not actually the Warrant but the shares that were purchased at .75 to obtain the Warrant rights. Those are the shares that are being unloaded in favor of keeping the risk free Warrants. So with a slow run up on SP in the mid 70's and 80's we will see some of that selling pressure. Major catalysts that blow by those levels into the $1.50 range may change that strategy as to perceived risk and further upside and many that were selling MAY adjust their strategy. Nothing is for sure but those are some of the scenarios.
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