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Re: James salmon post# 95029

Friday, 03/15/2019 4:23:52 PM

Friday, March 15, 2019 4:23:52 PM

Post# of 108192
The answer: not all warrant holders were included in the warrant exchange agreement. The original warrants had a dilution adjustment provision. The new shares issued to the exchanging warrant holders was considered a sale of new shares at a price equal to the market value of the warrants (.30). So the exercise price of the warrants that were not exchanged were lowered to .30. This is all extremely odd.
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