,,I just cant agree,, I would like to exercise the warrants and keep the shares for maximum return. All owners of warrants wish for this share price to rise accordingly,,,one has to exercise prior to the expiry for course,,,,,,you consistantly project that the only reason to exercise is to sell,,,this is not true,,,it is one case senario,,,,,,not the only. If one can and has to exercise prior to expiry then it is probably a sell,,if not and the warrant is near maturity then it is more likely a hold,,,,,you only account for one perspective on this issue. I am confused as to why.