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Friday, September 10, 2010 10:34:44 AM
Those warrant holders are greedy and simply were not happy with just a "substantial profit". Our CEO was even allowing them to submit a revised notice of exercise form... even after they irrevocable cashed in warrants, under prior agreed upon terms. Those people who filed the lawsuit wanted to exercise the warrants contingent on insider information, they were unhappy that they were not privy to insider trading.
Basically here is what plantiffs said in complaint LITERALLY:
"and certainly would not just sell just for principal and interest on the notes, if they knew about the Letter of Agreement"
This is going to $ land imo
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