If remember the value correctly (it’s been a while since I did it), the warrants are worth about $1.25 when the stock is at $10.40. So, they are undervalued right now, but not by much given the lack of liquidity and with so much uncertainty. I think .35 is probably a fair price right now, on the high end. Nothing will change until there is a good string of quarters and more volume. Until then, just ignoring it.
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