logic suggests no warrants have been converted nor would they be converted at this pps and nobody is forced to convert a warrant
u imply zn is in possession of the warrants and will dump them zn is not in possession of the warrants-stockholders will be
if ppl pay 1 dollar for 1 share trading at the present 42c and receive one warrant they have effectively paid 58c for the warrant based on the hope or belief the pps will at sometime in the near future exceed 58c
u cant have it both ways - those who claim pps will only fall cannot claim that such warrants will ever be exercised