9.Warrants. Between restrictions on the ones Nick sold after purchasing Biometrics LLC to prevent the power struggle, and the fact that all the warrants that are out there at .21 and above end up bringing funds into the company, I don't see a majority of dilution coming from those warrants anytime soon. Should buyers take out the overhang to .21, I could see this going to .30-.35, hitting a wall next year at some point due to some of the .01 warrants being sold, depending on the % growth of the company by that point. But from these levels, gains of anywhere from 50-150% are not unreasonable to foresee if continued growth is achieved.
First of all, where do you see that there are any restrictions on the 65M warrants issued? There are none. IMO. This was clearly indicated in the 10Q when they were issued. IMO you should be very concerned about these warrants because they have a strike price of one penny.. What that means is that as long as the price of the stock stays above .01, they are "in the money". Yes, once fully exercised they will bring in 650k to the company, but they will also dilute it by more than 80%!!! As I've said before, this is going to get reeeaally ugly, real soon. GLTYA
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