The warrants split with the reverse split.....So the warrants are given as a reward for convertible debenture, FREE of Charge. These free warrants turn into 1 warrant for every 8 warrants. Warrant holders lose large amounts of potential gains. This is why they listed these warrants on the US markets this summer, to create a market for the sale....for the golden parachute--------they knew when the split would be announced; they were previously just held on the TSX.
There are still a lot of warrants at .41, and the price could get down that low.
After the warrants are all excercised the stock can probably start moving up,
but that will take some time. I think the company can let the reverse split