So why would we want to cut the warrant price in half. to be nice guys. this makes no sense. do your job and raise the stock price to $2.00 to cover the warrant price. a contract is a contract. live with it. i will be sending my no proxy today and attending the meeting to voice my displeasure.
One reason to lower the price would be to encourage more holders to convert the warrants to shares rather than to let the warrants to expire with no new shareholders and no new cash. Warrant holders have about 3 more years to convert, and if things go well, $2 warrants should still be a good deal. But athx probably feels they could better use the cash now.