Baba, I think one thing to keep your eye on. Well actually two things. The share count and the number of shares on the ask (the wall).

That wall represents the .52 warrants with the warrant holder selling short and covering by exercising those warrants. These would be holders who are just using the stock and are satisfied to just pocket a 10% or 15% gain. If we see that wall become reduced it may suggest that those warrants are being purchased by new investors in an off market transaction? The second part where those warrants become exercised would be reflected in the share count. 

Time will tell but as we can see from the research report there were 31,969,500 warrants with an exercise price of .52 as of July 17. A total of 34.8 million .52 warrants were issued so 3 million have been exercised so far. It should be noted that these warrants do not expire until Oct 28, 2021. So I expect many of these warrants will probably continue to be held. Then on to the .75 warrants which is what we are all looking forward to seeing exercised.

In my opinion of  course.