Warrant strike price was $.75 in the Paulson raise

Warrant strike price was $.75 in the Paulson raise, so nobody is going to exercise. I expect most participants in that won't sell either because the price was $.23 and there isn't much of a profit at today's price. 5 years ago, it was easy to "churn" and accumulate warrants when they were doing a raise every 60 days, but that's not the case today.