InvestorsHub Logo
Followers 22
Posts 7126
Boards Moderated 0
Alias Born 03/21/2012

Re: BigE1960 post# 42819

Wednesday, 10/28/2015 4:41:53 PM

Wednesday, October 28, 2015 4:41:53 PM

Post# of 104535
I think I know what this note on the options/warrants from the 10-k/a means, but maybe not. Did they just buy Steve, David, and Ghassan more time to exercise the November 4 warrants?

"(3) In September 2015, the Company’s officers, and certain employees owning options and warrants to purchase 57,974,414 shares of the Company’s Common Stock entered into an agreement with the Company that such persons cannot exercise their options and warrants and that the Company does not have to reserve for issuance the issuance of shares of Common Stock underlying their options and warrants until the earlier of August 1, 2016 or the Company having unreserved shares sufficient for all outstanding options to be exercised. This could happen through an increase in authorized common shares, cancellation of outstanding convertible notes or warrants, or shareholder approved reverse stock split."

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.