Actually yes it would be. Especially if there was a 100 to 1 or 1000 to 1 share for warrant ratio. Admittedly I'm not familiar with the warrant info on BIOAQ because I wasn't concerned with it. Warrants do typically convert in large batches no different than normal conversions
The Judge would have been made aware of any warrants...which would have provided the company with cash...hence no need for a dip loan then..so no way are any warrants being sold at this time...