If they break even on those warrents, we are still looking at 25% return...Knowing smart money though, they would not be doing this just to break even... I like the story here, I like the cash in the bank, I like the market cap we have right now, about 16 million before warrents, and I love the guy running the boat.  I ve put my seat belt on and I am in for the long run...Seeing the PP at .35 only re-inforces my thoughts on the valuation!  GLTA :)