LPIH released results on Feb 16th which if you believe GAAP numbers was 15 cents loss. [1]
It opened at 2.29 and closed at 2.53... in the preceeding days it's back to 2.34 [2]. I suspect market is waiting for the future earnings. I don't think describing it as "hammered" sums up the situation properly.
If people believe it made a loss surely the pps should be plummeting? But of course it didn't, since it's an imaginary loss.
Acountancy creates a framework which is meant to explain how the company is doing. Warrant charges would seem to fail to tell the story.
I have no idea how the market will take a warrant loss on the day it announces it's earnings but I'm pretty sure in the long run it going to totally discount them.
The issue is also, who is trading the stock? LPIH is an OTC stock traded entirely by retail investors who are less likely to understand GAAP accounting and its implications.