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Monday, March 13, 2017 10:18:11 PM
Hope everyone has enjoyed the ride to-date. Much grattitude to Sunny, as I would not be here without his alert a couple weeks back.
Wanted to ask a genuine question w/respect to the WARRANTS that exist here. I know the company has been taking measures recently to divest of non-core assets and pay off toxic debt. That said, I was hoping someone could please clarify my understanding in relation to the March 1 8-K. Mentions that "The purchase price of one share of common stock of the Company, par value $0.0001 per share, (the “Common Stock”) under this Warrant shall be equal to the Exercise Price", with the exercise price being defined as essentially the Fixed price, which means $0.04, subject to adjustment as provided herein.
Impact on dilution? Genuine question here, from someone who hasn't sold a penny since $0.018. $0.04 is obviously lower than the current share price, but not all that familar with warrants and their execution.
Thanks, and best regards,
'Neuf.
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