That would be my guess, but I don't......
think it will happen unless the company makes it to a point where it would be in "The Company's" financial interest to do so....Those warrants, if exercised, would be a nice cash infusion for the company, but they wont get released or exercised without some compelling financial reason to do so. I don't see that happening for some time (if at all)...However, if the Company succeeds I think you get the divvy. If it fails, well the divvy would be worthless anyway....JMHO
In a time of universal deceit - telling the truth is a revolutionary act. - George Orwell