I'm not sure if there are outstanding warrants out there among outside investors - possibly. I've been an investor in XXII for years and exercised our warrants a couple of months ago for additional shares. The offer a few days ago that came in from an institutional investor via Chardan was to purchase our restricted shares (locked up for 6 months) at a discount, i.e. to cash us out of our lockup. Not sure what the uptake was, but the offered price was about 1/2 of the current share price.