Thursday, June 22, 2017 5:06:12 PM
Mainly would be considered very positive having reduced the potential dilutive effect by a couple million shares.
But there is usually more to the story ..... and what I see is those warrants having an exercise price of $0.575 and basically expiring this month ...... soooooooooo ....... decision time for the warrant holder.
With the stock price generally right at the exercise price recently, those warrants could have been left to expire virtually worthless ..... but the investor got 250,000 shares instead to "exchange" the warrants.
Probably a decent move overall.
Amigo Mike
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