Beg to differ... "The Company has 4.5 million warrants outstanding priced at $0.50, as part of its $2.25 million private placement in January 2005." From pr 1/24/07
After warrants expire pps will retrace, the next thing we have to look f'ward to is the new grant for up to 50% of the 50m Euros needed for Leuna. All imo.