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...shareholders will be protected by the warrants when process starts in next few weeks.
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How are shareholders being protected when they are going from owning 100% of the company down to 6% of the company.
If you mean they aren't being totally wiped out, yeah that's true. They are only being 94% wiped out.
Not the sort of "protection" I want.
Having a warrant entitles you to buy stock. In this case, buying back stock that you already have paid for once. It doesn't matter what price the warrants are, it's still buying back stock that you have already paid for.
"Wise men talk because they have something to say, fools because they have to say something."
PLATO
