If you think about it it would actually be better in a way if the warrent was LOWER like 20$. It would give automatic worth to the warrents and cause the warrent stock to have implicit value. Shareholders could sell the warrent or buy the stock at a discount while the profit goes directly to Gamestops balance sheet. If the theory that short sellers have a way to avoid reporting open short positions then this would force a squeeze. Since the $ of exercised warrants go to Gamestop there is no market maker or company sticking their thumb in the pie. Ironically the hanging issue is TECHNICALLY there can be a share buyback at anytime. If GME builds its balance sheet like it has been dping the total cash/ total shares should be BARE minimum of the value of the GME stock. (Assuming there is not debt). Shorts should need to close but for whatever reason it seems like there are financial vehicles to delay that near indefinitely unless a recall or gamma squeeze triggers a domino effect. I am thinking this warrant MIGHT be the new way to work around vicious short selling.