A tactic used to create fear and the steal shares at a low price is to encourage others to put in a "stop loss"... your suggestion is very interesting... jmho
The problem is that even if a few warrant holders would want to convert and cash their warrants, since the volume is so low, IMO the stock price would plummet even on modest sales if there won't be reasons for a buying pressure in the meanwhile. Sure enough, many people believe that some news might be released before share increase, but that is only a hope, nothing certain at all.
Besides it, I still keep on asking one easy question that I wish someone would finally answer. In the 22nd of September 2017 8K
The release states: "While anticipating the disclosure of interim blinded data"
That was almost 6 months ago! Why ancitipating something that in the next around 6 months isn't going to happen? If they wanted to release that data in a publication and by September I believe it was more or less clear when the publication would have been submited and how long it would have taken, why anticipating such a thing 6 months ahead?