RE:Financingthe black scholes option model prices the warrent at give or take ( cents , implying fair value for current equity holders is 11 cents to be on equal footing to recent investors. if a catalyst happens that changes perception entering give or take between here and 11 cents would be a rational trade.
upside will be limited to 40 cents until the warrents expire , rational to assume current investors take a double and hold no risk upsie warrents.