Baba:

Put some warrants out there for $0.80; I bet someone might just buy! ;)

All kidding aside, it will be interesting on the 2016 warrants as stock price increases to see how the warrant tracks, since it is a little bit different grey market animal. Would hope if PPS is in the $5 range later this year that the warrants would at least be $1.56 but should be considerably more due to the time premium. I agree with Seaside that there could be illiquidity issues but my gameplan is to exercise, anyway, although I may take a little off the table if price increase is significant to get my "egg money" back.