If you go to the website and pull up the warrant information, one can plainly see what the expiration dates are for all the different tranches and how many are still outstanding and what the exercise price is.
Yes, over 142M are still out there but you can erase ~5M of the March 2018's as PPS will be nowhere near $1.25 CDN by then. They will expire worthless IMO.
Conceivably, there are then 137M warrants and I doubt the ones in the money have been exercised as they have expiration dates many many years from now. You may have a few thou but that's it. It's good that dilution is being held at bay but is it really ? If they raise at 20 cents or less it's just more future dilution and probably MORE freakin warrants. Cycle never ends as they still need $55-60M ! Should have bit the bullet and raised ALL needed funds by now and if they had extra they could have just bought back shares. JH and RR didn't want to do that so now we get these 8-9M raises every qtr and a 1-25 rs to look forward too soon
You can always exercise now but why would you as you are taking a risk? I'd argue it's the right thing to do to help your company IF you truly believe - but we have been down this road many many many times.
News 
Market Data 
Discover 
