At least drop the 30 and 40%...I wonder concerning a RS...wouldn't the number of shares potentially going to cornell remain the same? Making a RS only really effect us and have overall limited effect?
Wouldn't the agreement have to include something to the effect that we will issue you warrants good for x amount of shares, blah, blah, and in the evnt of a RS then your warrants are divided by that RS ratio?? Seems to me we all would get RS'd but the warrants would still represent the same # of shares even after RS (when converted after the RS)...if we somehow had a forward split 2:1 (hypothetical for arguement) would the warrants be then worth double the # in the agreement???
My thinking is that a RS in the current situation would be a waste of time and without effecting future shares due cornell wouldn't change much.
Bottom line - production - sales/revenue - buy out cornell to stop the bleeding - is the neccessary (or is it mississippi) scenario that will raise the share value.
Do your own research and make your own decisions.