Tuesday, August 16, 2016 8:50:52 AM
The share are not being sold to the general market. This s-1 is not being done in conjunction with an offering. This is an S-1 that is registering shares after the fact. These are shares that have already been sold in a private placement or something restrictive. This S-1 essentially is lifting the restrictions. So yes they will add to the float, but the vast majority are the shares that one investor purchased. I am pretty sure that we currently don't have the liquidity for that investor to start selling. If they did we would be at zero. I think these investors have bought so many shares that they must be working closely with the company and are in for the long run.
As far as the warrants. These too have been accounted for in all of the other filings. And by the way they have not been exercised yet as far as I can tell. Quite frankly I wish they would.
So again. No new shares.
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