RE: exercizing the warrants That's not how it works, because warrants are exercised it maximizes the float, making the value great, this is where investors come in
When ZEN regains or potentially regains 11Million shares + this puts up extra shares for investors to purchase so you can alternatively go into a bidding war...
If you take the scenario of Cliffs completely bailing out *COUGH* im not implying anything, then ZEN has more distribution.
Warrants not due till December, we should see a close to match value in stock price REALLY soon... within a month (30days) from now It's not a long period to wait