Do we have info on restrictions on the new shares? If they put restrictions on them then your theory won't transpire. If there are no restrictions, then it is a likely outcome for sure.
My recollection is that there are no restrictions, but can they put restrictions on the tradability of them? Or, can they slow walk issuing shares bought using warrants?
If you are right, then they must certainly have anticipated your theory and if they anticipated it, they will not get caught flat footed & surprised. So, there has to be something unseen that is in the plan. Hard to imagine if there is no plan to handle your situation.
Imperial Whazoo