A significant number being exercised would be positive, the larger the number the better. (Do I really have to say "IMO" after that, though, isn't it obvious that's my opinion?) I'd like to see at least 25% exercised, and over 1/3 would be very, very positive. I would be most pleased to have been wrong in my prediction of very few warrants exercised.

For the most part, the bickering on this board has been civil, not too many "ad hominem" attacks.

Is the warrant discussion overdone, of course it is. But it's better than the running commentary on the stock price, cent by cent, share by share (IMO, of course :) )