Sunday, May 03, 2020 10:08:54 AM
She did not get this extension for free. She paid albeit differently from you.
There must be a dollar cost calculated to extend expiring warrants and/or to reduce the warrant exercise price. Some people wanted one or both. Everyone in the last extension got the same deal but it was served ala carte. Some lowered their warrant exercise price by $0.02, others wanted them lowered by $0.08, other just wanted to extend the expiration date. In exchange for extending your warrants by 12 months and/or lowering your warrant exercise price you had to pay for this via the purchase of those $0.153 shares which were at a discount to street value.
It sounds like there was a dollar cost calculated to extend these 29.4mil shares. There was also a dollar gain calculated to restrict the exercise of these 29.4mil shares as well as her other 50mil shares. I'm guessing the 6 month restriction and 2.5 year extension were not pulled out of the air, it was probably calculated that her menu choices would provide her a 2.5 year extension of these 29.4mil shares in exchange for restricting these 29.4mil shares and her other 50mil shares by 6 months.
There must be a dollar cost calculated to extend expiring warrants and/or to reduce the warrant exercise price. Some people wanted one or both. Everyone in the last extension got the same deal but it was served ala carte. Some lowered their warrant exercise price by $0.02, others wanted them lowered by $0.08, other just wanted to extend the expiration date. In exchange for extending your warrants by 12 months and/or lowering your warrant exercise price you had to pay for this via the purchase of those $0.153 shares which were at a discount to street value.
It sounds like there was a dollar cost calculated to extend these 29.4mil shares. There was also a dollar gain calculated to restrict the exercise of these 29.4mil shares as well as her other 50mil shares. I'm guessing the 6 month restriction and 2.5 year extension were not pulled out of the air, it was probably calculated that her menu choices would provide her a 2.5 year extension of these 29.4mil shares in exchange for restricting these 29.4mil shares and her other 50mil shares by 6 months.
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