Very doubtful that all or even a large percentage of warrants will be cashed in for shares. Since there is a hold period attached to shares issued upon warrant redemption the investors can't sell so the 30 cent premium over exercise is not worth a thing. In any event trading volume is so low that attempts to sell a pile of shares into market would drop share price dramatically.

Nemis we are told is pretty upset that promised information wasn't on hand for release to support share price and see that warrants would be exercised. So should we all be since not only should the share price be higher to reflect underlying value BUT the takeup of warrants would have been a huge vote of confidence further supporting increased share pricing.