RE:RE:Pieces of the Puzzle I think it's very, very likely that any proper acquisition proposal would deal effectively with (i.e not completely disadvantage) existing shareholders AND people holding options or warrants. There's simply no reason to think someone would come along and want to - or be allowed to - buy the 250,000,000 outstanding shares and screw any option and warrant holders. Add on that these are usually held by people who are important to the company and it becomes even less likely - again if it is even possible from a legal and regulatory perspective
As long as there is liquidity in the market - I don't think it ever makes sense to exercise options or warrants well before they expire - other than maybe for some weird income and tax planning needs. Could be wrong - but I would interpret anyone exercising either warrants or options AND holding the stock as absolutely bullish - but not a sign of a deal
The BEST sign of a deal coming is a company with a valuable and scarce commodity telling you they are doing everything they can to maximize shareholder value through the exploration, development and disposition of their business - and that based on everything they are experiencing - they are very confident in their strategy. Public companies can't talk about deals in the works until they have something formal to announce. We aren't there yet - but they're working had at getting us there Every single thing they do - map - drill - x-ray - power wash - test - is increasing their value and improving their (our) position at the negotiating table - they just can't tell us about that part. But it is absolutely happening