TAP Real Estate Technologies Inc (RWAX)

[TenKay]

I think what happened is they originally intended to use the warrant sale to pump the stock price since they could disclose the strike price which everyone would get excited about. “They think the stock will go past $0.05!!!!” The warrants probably cost next to nothing and FORW may have bought them with stock...and it would look like they had $50 million coming in in the future if exercised.

But then they got really lucky and the stock price shot past $0.05....by quite a bit so they needed to switch gears...and now George can pump the asset on FORW since they are “in the money” although the stock would not be sellable into the market for a year...however they couldn’t change the “$50 million” number as that was locked in with the strike price.

So there is probably a billion shares in the warrants at a $0.05 strike price to get to the $50 million number and FORW probably has half of those...which on December 9 with the stock price at $0.25 would have given the FORW “in the money” asset at $100 million number he could pump IF the strike price was $0.05..which is how I got to the number.

The question is who has the other 500 million in warrants?