See below. The warrants are at $2.88. They are worthless unless the stock goes above $2.88. The people accepting the warrants think the value is greater than $2.88. That makes these prices really cheap.
Private Placement On March 1, 2011, we entered into a securities purchase
agreement with certain investors named in the table in "Selling Stockholders",
pursuant to which we agreed to sell 11,079,250 shares of common stock and
warrants to purchase 10,460,875 shares of our common stock. The warrants will
be exercisable for a period of five years from the date of their issuance at an