I would wait for the second wave. Better to buy when the tide is going up. Who ever did this did it as a warning shot. It is keeping those warrants out of the money. We have seen this before but not so servere. CUU responded by giving EE a lower cost on the remainder of the pp. This shot was deep. It implies to me that the holder can do it again. If the pp is overly generous as a result of this we will know that the company or insiders were involved in manipulating us. If we get hit with a second shot this week we will know it's a very unhappy large share holder.
You say $1.15 on the warrants? Sounds excessively cheap to me. PP prices should be going up not down.