The easiest way I can think of to reduce the ill effects of Warrants, should they NOT be outlawed completely, is to require all PP offerings to be open equally to all existing Share Holders of a company. For example, when FWR spun out Quest a couple of months ago they raised new cash vis a Public Placement. that was like what typically happens all the time now. BUT they also had a Share Holders 'Rights Offering' as well, where existing Share Holders were given the right to purchase an equal number of shares of the Start Up funding for Quest and then to also subscribe for a proportion of any of the unsubscribed shares other existing Share Holders did not exercise the 'Share Holder Rights' on. Old Joe PS: Good to know very few Retail Share Holders were forced or scared out of their NOT shares in March and also that they are NOT willing to sell at these very low prices.