The warrants are now halted and will be delisted at end of trading day.
They can still be exercised until 5 pm Eastern time.
Before the warrants were halted, there are 3.6 million warrants for sale at half penny. (strike price 21 cents).
The shares themselves had over 200K shares for sale 22 pennies.
Once the halted was in place, the 200K share ask disappeared.
The only avenue now to purchase shares is on the open market via the shares and the current ask price is 22.5 cents.
We are at inflection point as the 21 cent warrants were an artificial price created by the original rights offering and that artificial nature has now disappeared.
The next few day swill go through some bumps along the way..but in a couple of weeks, the market cap should get back to a more fair value.
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