NoHo Inc (DRNK)

[I-Glow]

No you buy the warrants but when it is time to exercise the warrants into common shares you still have to pay the strike price.

Here is a real life example for edification:

FORW/Sharp bought 125 Million warrants for $200,000 the strike price is $0.20. For Sharp to exercise the warrants he would have to pay $25 million.

But the HUMBL price went below $0.20 and now the warrants are worthless.

And Sharp can't sell until the stock is registered with the SEC - DRNK isn't a SEC filer so no one can sell the warrants unless SNNC files a S-1.

Sharp spent $2 million to exercise 10 Million warrants and now they are worthless.

IG