I argued that there will be diltuion long ago. You are correct. If you want to maintain your % of ownership you have to buy the options. The warrants are a new issue, are they over and above the orignal 275 mil share authorized. Did you as stockholders approve these issues. Depends on the by-laws of the corporation, they may have been there already. This gets better by the hour. I have not read all the fillings. Are you sure about you math. It would be about 50% increase in shares to 400mil. I missed something
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