Singing Machine Company Inc (MICS)

[NobleRoman]

I think .30 was the warrant price for the last capital raise. The prefunded warrant was very confusing. Extremely confusing, which there are posts about in this forum, primarily from me.

The whole pre-funded warrants are not really warrants. It's a convoluted loophole to allow investors a higher percentage of the company. It makes my head hurt. They've already been "exercised" as it was explained to me. It's high finance. It could indeed be causing massive amounts of confusion out there and rightly so. Nobody can exercise at .30 to my knowledge. That goes back to a prior capital raise last year. I would not doubt that it acts as a scarecrow for sure.

Perhaps a lot of dust needs to clear and a 10K (post split adujusted) to shed much more light. That should be coming in the next month or so I think. Then hopefully positive earnings for the year as a whole.