Good information. I looked at the reference on the financials. I do not think warrants convert based on dilution. I think warrants can be repriced based on board action but that would have to be released. What makes it confusing is the "formula" mentioned in notes. But the fact that no material warrants were exercised as the price fell leads me to believe they are all out of the money and not repriced. We should know for sure on this issue next 10Q if they get that far
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