No need to have FJ respond - I know just as much about price moves as he does.  Let me reassure you, BiGaAs, it's easy, it's crystal clear that TM unequivocably, absolutely, positively, guaranteed that the .75 exercise price warrants would be in money within the extension period. 

But remember, this is a message board, so my memory may be off, or I may be trying to mislead you, or I may be really dumb.  So I suggest you go back to TM's presentation (rather than take my word or FJ's word for it) and look for the kind of absolute assurances TM gave.  By all means let us know what you find.