If the share price was higher than 25, than those of us with 25 cent warrants could sell those shares knowing that we can buy them back at 25. Selling at 25 or less for the warrant holders is pointless so by capping the price at 25, he gets less competition to sell his cheap shares. It turned out he had lots of competition anyways, including the idiot with the big block at 23.

Hope that makes sense,

Glorieux