RE:DanielWhy would this Daniel character phone in with such a bizzare set of questions on an investor call? Warrants in the money are converted into stock before expiration and warrants out of the money expire worthless. Y warrants were far out of the money so expired worthless. What is hard to understand here? There is no requirement for management to somehow manipulate their share price just so warrant holders don't loose out. You bought the warrants for the leverage and it didn't work out so move on.