You hit the nail on the head... most PP holders will use the increased price and volume to sell their PP stock and ride the wts.... NO risk and profit is locked in>>> Thats it in a nutshell.

I predict trading in the sub $2.00 level untill volume increases to the 1 MM+ shares a day level... untill then the liquidity is not high enough to stay in the PP stock... low risk to ride the wt with only 1/2 the exposure... Done hundreds of PP and this is what I would do in this martket.

I will use any price weakness to buy additional position.... $1.20 range should it present itself.