The revised setup has repriced the warrants to 37% of the original price. I don't think this is baked into the pie but into roughly three pies now. Dilution will most likely be higher as $4.25 is easier to attain than $11.50 within the next few months and ultimately raise less money than previously anticipated. This feels like desperation to me like soliciting shareholders to exercise out of the money $5.00 warrants several weeks back.. It is not the news we were waiting for.