On a earlier post around the start of July, I wrote:-

"I think that maybe one of the signals to watch to decide whether this recent welcome rise in share price is the price action of the warrants.

A couple of days ago, the bid-ask on the warrants was $1.50 - $1.80. It is now $1.25 (with a blip to $1.26) - $1.80. If the share break out is for real, I would hope that the bid-ask on the warrants would rise in tandem. So far, it hasn't."

With the warrants so far out of the money, and the shorts still incontrol of the share price,any bid/ask for the warrants is almost meaningless until the share price exceeds the warrant's call price. I hope that will be before the warrants expire in Feb 2014

lb