There are still a lot of traders on this. I have a friend who watches pretty close and can see (like this morning) shares bought at .86 go for sale at .89 moments later.

The higher it goes the smaller the profit on those couple of cent trades so maybe they move on to another stock.

I am a little surprised the warrants are only up 2 cents on 188K shares. The have been following the SP fairly close but are a little behind today.