Stone:

What I took away from the interview is that by the end of this year the warrants will all be taken. What is important to realize is that he does not mention options and he does not mention shares that become free trading. See my earlier post summarizing all three. The way I see the situation the worst is still to come in mid-April this year. Perhaps that is why funds are holding back because they know the pressure to sell may push prices lower. That is not to say that the pressure will guarantee lower prices going forward but the probability is there.