"Dividend warrants for VLXC no doubt in my mind will be viewed negative in the market place."
I agree 100%.
If he comes out with that, I expect to see a $0.75 or less PPS very rapidly after December 19th.
Damages could be slightly less if Matin simultanuously announce a large share buyback to compensate for the warrants but considering his credibility in the market, I doubt it would have much impact.