Hi Operations:

It seems to me that the price drop of the warrants confirms that the market for them is being manipulated by the bankers/brokers. The exercise price is in effect until 2014 and there is no recent company news that would cause an investor to change his/her outlook on what the value of the company's shares will be into the long term future. It is easy to imagine, though, a retail investor viewing today's price drop as a signal that there is someone out there who has knowledge and who is bailing. All very disconcerting. I would think that a conscientious broker should be telling his retail customer to ignore the noise and take out his frustrations on a golf ball.