RE:WarrantsHard to say exactly. 34.4MM warrants were issued, 106MM shares originally outstanding, RECAF reporting 130.92MM now outstanding at the last update suggests 24.92MM warrants have been exercised, leaving ~9.5MM left.
The warrants are exercisable for $1 and the price is currently $4. If you sell 25% you cover the warrant exercise price. Warrant conversion and selling has been going on since the price was $5 and the volume has very high too.
I don't see many people selling warrants anymore. On August 19th there was a slight sell off the day the shares were issued but then a run up of 100%. The conversions started last month so the run up to $7 Haywood was calling has probably already started.