I thought the warrants were cashless prior to the reduction in strike price.
From the 8-K yesterday:
The warrant holders that are parties to the Amendment may, but are not required to, exercise all or any portion of their 2005 Warrants at a per share price of $0.05 at any time during the New Price Exercise Period, but cannot do so by means of a cashless exercise.
You did not answer my question. Is it possible that $2MM could produce anything that would further the development of the tech?
Sure, its possible. More likely, though is that the money will be spent on paying off the $750,000 debt and then salaries.
