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Re: bigballer_sa4 post# 88981

Tuesday, 09/19/2017 6:09:59 AM

Tuesday, September 19, 2017 6:09:59 AM

Post# of 112682
bballer good info

can you elaborate on how warrants work and who benefits most if used?

secondly, anytime Paul has "put his money into the company" he has been paid back and then some. It's not like he was doing it for free. The interest returned is much, much higher than the interest in one's savings account nowadays.



I would agree they normally are but they don't have to be either. Part of the problem in this situation is that we don't really know when it actually happened. For larger private offerings they would mention a date to which the price was based off of. It may be a premium to today but may not have been at the time the first million was closed. I really wouldn't be surprised if warrants were attached to them.

I'd be more concerned if the purchase price was well below the market then the .25. One thing to key on is the fact Paul Rosenberg is continuing to put money into the company which shows confidence from the CEO.