Question is who sold that warrants to Frank for 0,8 Cents and who bought from Frank for 8 Cents.

It is all private transaction so very interesting transactions. Somebody wants warrants that will soon expired, that means that warrants should be exercised as soon as possible or that entity will lose $400K.

You could also ask why that entity could not sell directly warrants to another entity, but anyway, whoever buy warrants for $400 K should have Big Confidence in KWG!

GLTA