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Wednesday, December 21, 2016 10:35:18 AM
Normally, there is language that the warrants would adjust for any stock splits.
So if the 35 million warrants, with an exercise price of $0.012 were held until after a 1:20 reverse split, then:
1: The 35 million warrants would be 1.75 million warrants (35/ 20 )
2: The exercise price would be $0.24 ( 0.12 * 20 )
And the proportion of common shares due/owned by the warrant holders would stay the same after the R/S as before.
Louis J. Desy Jr.
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