"My exact thoughts Aves.We just raised over 7 million PP..Plus they had cash on hand to keep them going for a while.Why would they ask warrant holders to excercise when the SP was at the highest point.Plus, they must have known that the SP was going to run prior to PP,so why did they not wait to do the PP until SP was at least over a buck..These are questions that baffle me."

maestrodrumboe, those very questions have baffled many over the years, myself certainly included, but rest assured, it's business as usual, especially with small, developmental companies. Once you've seen it dozens of times, it will no longer baffle you. Companies give their PP investors a break, when they can, they want those investors to have a win, as it will make future PP's easier. As for the exercise of the warrants, that's part of the plan to throw the warrant holders a bone. I'm sure many don't want to hear this, and I could be wrong, but the pattern here has been consistent with many I've seen over the years (small miners, resource companies and developmental biotech come to mind).