As much as we think warrant holders will put up a wall of selling at $.50 and then at $.75, At some point they will not want to sell. and this "wall" will no longer exist. Once it is clear that the Paulson investors will not be able to get shares and equal # of warrants at market price, they will want to hold a larger percentage of their position. Getting to zero risk holding only warrants is just an assumption - many warrant holders do believe in pro 140 and they will want to hold the shares they own. We might see a nice walk right through these price levels in the near future. The old strategy of selling shares to have cash ready for the next raise is over.
I am leaning towards the belief that a licensing agreement might be the best way to reap the full value of Pro 140. As an example, go to Geron.com and read about their license agreement with Jansen. CYDY could possibly get 50 to100 million up front from a partner, hundreds of millions more as milestones were met, and many more hundreds of millions in royalties when Pro 140 goes commercial.