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Re: ignatiusrielly35 post# 95412

Thursday, 03/21/2019 3:00:16 PM

Thursday, March 21, 2019 3:00:16 PM

Post# of 108192
The mark to Market dilution protection meant the warrants in-total were worth less than $5MM cash (as Dew has shown), so Advaxis made a strategic decision to convert those “low value” warrants to shares pre R/S, so that after the R/S they can get more favorable terms on financing. That simple. Those more favorable terms do not have to come from the original warrant holders though they may. This is based on what transpired and what they have told us; anything else is conjecture.
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