Ernesto owns over 220M shares. He's spent millions this year alone to increase his stake in the company. I don't understand how you think it's a bad thing that he didn't exercise his warrants at $1.50. It's pretty easy to see that it's better to buy at $1.15 than $1.50.

By the way, I'm not 23 years old. I don't think I've ever shared my real age before.