Those 10 million shares in DRNE are rapidly being diluted. We'll see what they're worth about a year from now when WSGI can finally do something with them.
In May 2014, DRNE issued 1.7 million shares for consulting services at 1 cent a piece, and 1.7 million warrants for "services", each exercisable at 1 cent with a 3-year term.
In June, holders of Series A preferred shares converted 38,000 preferred shares into 3.8 million common shares. (they convert on a 1/100 ratio and there are still a bunch of them left to convert.)
In July DRNE issued 1.7 million common shares to two consulting firms, which held warrants exercisable at 10 cents each.
In July, the company entered into a consulting agreement for 12 months with a compensation of 250,000 common shares immediately, and 250,000 more after 6 months.
