So they lost $6,247,000 on derivatives in the first quarter? The description was vauge but it looks like over $4,000,000 of it was related to the convertable bonds. So it appears as if the bondholders are still taking it to the stockholders....unbelievable.
If construction activity does not start to pick up soon (IMHO highly unlikely) this company is going to struggle big time, even with out the debt they shed in bankruptcy.
As to how you warrant holders (former shareholders/bagholders)should be looking at this release? Good luck with your other investments because if you haven't done so yet, it's time to realize you will never realize a dime from your stock investment.