>Apex just issued warrants
>Backpedal from full support to exercise only
So you're saying if I exercise these "warrants", the proceeds will go straight to the company and the Apex book gets a genuine share to lend out again?
Or did you lend out the shares initially and I got a "warrant" due to net short by the clearing house and "exercising" gives a in house notch and you pocket the difference?

Seems to me the best thing to do is...nothing.