I disagree with the suggestion that the warrants are wortless because confidence in warrants indicates that the  future is bright and that share price will rise much higher than the conversion price in the future....warrants are good till august  2015 i believe which is still long time away...so by selling the warrants one would be suggesting that one of the reason for selling is that there is no way the share price will be going to $2.60 or higher by august 2015 and thus would make one to think that this could be taken over at lower than $2.60 which in that case then i would agree that warrants have very little value.....this is all my own opinion and i urge you all to do your own due diligence as i have been wrong on many occasions and i could very easily be wrong this time as well