For newcomers all those warrant shares expired in that big financing back in 2009 on November 25 but as you can see from Gina's post the funds still held some/most/all of their original shares the day of expiry of the warrants. Some funds have sold since but all still have share positions.

These shares by mutual funds/Luna were bought at .15 with all warrants expired. The money was used to help build the current production company, and if you note secured a large financing AFTER the market crash of 2007/2008. The reported proceeds from that financing was  $12,428,994.

   

Financial Security Details
Security Issued Total Description Terms & Conversion Terms F/T*
Unit RCT 82,859,960.00 @ $0.150 CDN      
Share RCT     25/Nov/2009 - -- 1 to 1 @ $ 0.000 ()  
Warrant       25/Nov/2009 - -- 1 to 1 @ $ 0.000 ()  
Share RCT     25/Nov/2009 - 24/Nov/2011 1 to 1 @ $0.200 CDN (two year period)  
Warrant
( Agent )
RCT 2,300,010.00 @ $0.000 CDN      
Share RCT     25/Nov/2009 - 24/Nov/2012 1 to 1 @ $0.150 CDN (36 month period)