Good explanation Gemma and thanks for sharing your thoughts. I would only add to your good post that warrants can also be used in combination/as an incentive with other instruments such as preferred shares to possibly buy back large blocks of common shares held.
Also, if not exercised, the warrants can be bought back later when BLDV has additional resources.
Jeterman, excuse me for not replying to your question as I have been busy the past couple of days.
It's good to see that we are finally current.
Go BLDV!