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Post# of 796633
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Re: bathbombs post# 660633

Thursday, 01/14/2021 8:02:07 PM

Thursday, January 14, 2021 8:02:07 PM

Post# of 796633
Exercise of the warrants does nothing to reduce the liquidating preference or the dividend.

My understanding is that the dividend does not kick in until they hit $250 (or their Capital requirement). But yes, after that the dividend will prevent them from benefiting from most, if not all of their earnings.
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