GB Sciences Inc (GBLX)

[transmigrator]

Update to my previous post..

So after reading some of the recent GBLX filings more carefully I do not see where the article I cited, link below, can say... "Lazarus Management Co LLC, has filed to purchase 22.3% of Growblox shares. The move reflects Lazarus’s confidence in the growing cannabis company."


Here is the link to that article
http://www.journaltranscript.com/2015/05/growblox-sciences-inc-otcmktsgblx-announces-new-website-focusing-on-three-divisions/

What I see in the 8K filed on 4/30 is Lazarus selling their warrants back to GBLX for 40K and not exercising them. Any one following these events have any ideas? I see that GBLX says "temporarily reduce the warrant price". Why would Lazarus sell them back? for a penny? Is GBLX asking warrant holders to exercise or return? If so why?

From the 8K
In order to encourage the exercise of the Company’s B warrants, on February 12, 2015, the board of directors of the Company passed
a resolution to temporarily reduce, until April 30, 2015, the exercise price of such warrants from $2.00 per share to $0.20 per share, and the
holders of the B warrants were notified of such temporary exercise price reduction. As at April 29, 2015, B warrants to purchase 1,970,000
shares of company common stock were exercised at $0.20 per share, resulting in net proceeds of $394,000 to the Company. On April 30, 2015,
the Company’s board of directors extended to 5:00 PDT on May 15, 2015 the temporary voluntary reduction of the exercise price of the B
Warrants to $0.20 per share and notified the holders of the B Warrants .



On April 27, 2015, Lazarus Investment Partners LLLP and Lazarus Israel Investment Opportunities Fund, LLLP sold back to the
Company for $0.01 each, warrants to purchase 3,000,000 and 1,000,000 shares, respectively.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10659512