RE:Thoughts? Warrants could have been exercised for several reasons, some connected. It can be:
1) they did it for the short-term or long-term interest of the company:
a) to get through a tight-cash period (although CEO LC says this is not so - they are approaching cash-flow positive)
b) knowing that this would help decrease the need of a future private placement for expansion in the coming months
2) they did for their own self-interest
a) made quick 10-20% profit (selling or shorting at $0.65-0.72)
b) they see long-term potential for profit
Don't think its clear cut explanation especially for RHT at this time.