I don't know if you've had a chance to read FJ's post on this issue. http://agoracom.com/ir/POETTechnologies/forums/discussion/topics/608937-warrants Allow me to quote from it: "I have been advised by one of the large warrant holders that he was contacted by the company and asked if he could exercise his warrants. I expect they are preparing for the NASDAQ listing among other things?" If this is true then profit taking would not be the motive and we should see a more orderly release of the shares in to the market.