The warrants were not denied. That issue was reman
Post# of 36537
Best case AEXG is going to get the 84K exercisable at 2.50.
Worst case is they are going to get 1,684,000 (84K X 20) at 2.50.
I would argue that they will get the 1,684,000 at .125 with both values adjusted for the div.
No matter how you look at it we took a HUGE L here and like you said TC, basically for no reason.