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Re: IBB-99 post# 24269

Wednesday, 12/21/2016 10:35:18 AM

Wednesday, December 21, 2016 10:35:18 AM

Post# of 46492
Warrants and R/S

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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