They have to disclose the trial results, at least eventually. The company's alleged strategy of withholding TLD until they are all set on the journal article is unprecedented and I will leave my commentary at that.
You have it right on the warrant holders...they all appear to be friendlies at this point and I assume they don't have any nonpublic info on the trial results when they are exercising.
News 
Market Data 
Discover 
