Through June 30, 2014, an aggregate of 89,666,668 warrants to purchase common stock were exercised in cashless conversions to an aggregate of 72,734,313 shares of the Company’s common stock.
They actually converted 90mm warrants into 72mm shares and this is because of the price of the stock at which time it was converted.
The good news is our float has increased significantly since Jan-Mar so hopefully we are almost there as far as removing these warrants out of our way.
X = Y (A-B)
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A