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Re: SJSTOCKSHARK post# 3326

Wednesday, 11/29/2017 7:30:13 AM

Wednesday, November 29, 2017 7:30:13 AM

Post# of 6372
They issued these new warrants back in May as part of deal to get the warrant holders to exercise their old warrants, which brought in proceeds of about a million dollars. Those original warrants had an exercise price of .38. The new warrants have a exercise price of .60. They wanted the investors to exercise the warrants, but BPTH is not in a position to dictate terms. The resulting deal is that we replaced the old warrants with new ones for equivalent number of shares, but at a higher strike price. It's not a great deal, but we got the cash from the exercising of the old warrants and increased the strike price. The higher price could decrease shorting, because the higher price makes it more risky to use these warrants to cover the short. We are not getting fleeced, but again, not the best deal.
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