It is my understanding that they can buy those only for .08 which goes to the company, but I do not know if the stock must reach and hold a trigger price for a certain time first, which is common.
If the stock is worth .08, and all the warrants are converted at .08, the company swaps new shares for .08, when the existing shares are worth .08, where is the dilution? It improves the compnaies cash position and it future potential based on the improved cash.
The next question is what will the merger cost us!!!!! My guess is the merger will cost us about .01-.02 a share in real cost (stock dilution) wise for what we will get. I expect the creditors are going to take mostly stock in MHAN for Debt that is worthless with out the merger!
That ask/bid spread the last few days was a real joke. Some body that sold at .025 earlier this week must be real pissed by now!
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