Big picture, this is a bullish longer term scenario, as any warrant conversion leads to free money for the company, which further strengthens its position and ability to conduct business.

With this capital raise, shorts will find even that much less to distort. Theirs is a short term manipulation and no dilution occurs.

For me, this is a longer term investment, especially given all the new orders.

This too will pass, but your point is well taken and likely on target.