Great Basin Scientific Inc. (fka GBSNQ)

[mylife4america]

Correct...people don't understand warrants


...which means today...a lot of people got scared off and will probably lose out of near term future gains in December


What is the impact of the reverse stock split on stock options and warrants?

An adjustment will be made to the Company's stock options and warrants based on the split ratio. Warrant and option holders do not need to submit their warrants or option agreements for exchange. The adjustment will be made automatically. The number of shares of common stock issued subject to stock options, warrants, or convertible securities will automatically be proportionately decreased by the split ratio and the exercise price or conversion ratio will automatically be proportionately increased by the same split ratio.
For illustrative purposes, an option to purchase 100,000 shares at an exercise price of $1.00 per share outstanding before the reverse stock split will become, after a reverse split of 1-for-10, an option to purchase 10,000 shares at an exercise price of $10.00. Options previously granted to management and employees will be adjusted in the same manner as described above.