It absolutely does matter if weekly dilution is what you do for cash. That argument is absurd that they can take their sweet silly old time to submit. Why stop at 1.7B shares authorized, let's take a new vote and have 90% of shares approve 2B shares authorized while we are at it.
Outstanding share count isn't increasing comparatively that much whereas that number does not signify that warrant holders are selling shares after exercising those derivatives. Certainly there's no mad rush to dump common as our low volume indicates!
In reality it makes no sense for warrant holders to sell if the price will appreciate significantly though it does behoove them, from tax standpoint, to convert warrants to shares now before a large increase in the share price occurs.
Combined with insiders engaging in estate planning in fact I see the increase in outstanding shares as a positive indicator of impending news. Any astute investor knows these warrants were going to be converted as that's the purpose of a derivative.
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