that is very common. What that means is that the Warts and common are seperate. Two securities. A Wart holder can exercise today, tomorrow, anytime. BUT IT DOES NOT MEAN THAT THE WART HOLDER CAN SELL. <br /> <br /> The Warts, once exercised must be fully paid andthen become common. After six months and one day the former wart holder and now a holder of additional common can sell the Wart sourced common. <br /> <br /> I trust my describtion of how such securities are negotiated / sold is complete. <br /> <br /> Example. Joe Verybright bought 100,000$ CYDY common at 1$ in the Private Placement. With that common was 30% Wart coverage or in other words 30,000 warts. <br /> <br /> lets say the common was fully paid for by wired funds on 11/22/2021 <br /> <br /> The warts are still there. Their 6 month run does not start until they are exercised; hence they become fully paid for common. <br /> <br /> Lets say the Warts are exercised on 12/24/2021 <br /> <br /> On May 23rd, 2022 the common can be sold under SEC rules. <br /> <br /> On June 25th, 2022 the common sourced via the warts can be sold. <br /> <br /> Now all CYDY shareholders know the true facts.