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Post# of 704162
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JerryCampbell

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JerryCampbell

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Sunday, 08/11/2019 12:45:46 PM

Sunday, August 11, 2019 12:45:46 PM

Post# of 704162
Why aren't the terms of Linda Powers' warrants set?

"On November 11, 2018, the Company and Ms. Powers agreed to further extend the forbearance on the notes to a maturity of one year following the respective funding dates. In consideration of the continuing forbearance, the Company agreed to issue warrants representing 50% of the repayment amounts of the Notes. The warrants were anticipated have exercise price at $0.35 per share, and have an exercise period of 2 years. However, the Company has not finalized the terms of the warrant agreement."

Seems like a pretty simple detail to still be outstanding 10 months later.

Would she leave that detail unsettled if there was any prospect of imminent news? Seems like that would risk claims of insider dealing.
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