It's counter-intuitive, but its better that as many, if not all, warrant-shares are disposed of at higher share prices with minimal tank-age. It puts the Company in a much better financial situation.

1. Company raises money (~$7M from the warrant-shares that were issued the end of May/start of April).
2. If Company needs to raise money later, shares and warrants (if required by financier) can be issued at a much higher average share price.

Just gotta ride the wave knowing that you'll eventually make it to shore...if you believe. If you don't, don't be an ass. Just sell and move on.