why so long no news about Warrant F?

hi, feel free to correct me if I'm wrong:

1) i think AtomicHabits's formula to calculate mother share price will apply to counter that come with free bonus issue( i.e.: the number of mother share will increase after the ex-date). Since TCS only offer free warrant, the number of mother share will remain same before and/or after the warrant ex-date/listing date, therefore the price of mother share and warrant will not be affected by the total number of mother share.

2) when TCS share price is at 0.55
warrant price should be around 0.235
(( MS x 12% ) + MS )- EP
MS = Mother Share Price
EP = Warrant Exercise Price
12% is the Warrant Premium ( my conservative prediction )