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Re: finesand post# 40951

Thursday, 05/16/2019 2:45:29 AM

Thursday, May 16, 2019 2:45:29 AM

Post# of 232467

Warrant TO: 212.97M Shares for $56.79M or $0.2669/sh



80/3=40/1.5=56.59/212.97. You have posted the same thing three different ways and it is still wrong.

Last year when the stock was trading in the 60c range, they made a warrant exercise offer at 50c, 10+ cents cheaper than the share price. Yet very few participated in the offer. According to your math above, that offerings would have also been a steal. I mean if the share price is 60c+ and I can buy shares at 50c, why not? Why did people not participate last year? Seems like free money with your math. So why not last year?
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