Health Discovery Corp (HDVY)

[Heurtebise]

From what I understand is, those phantom shares are exercisable at the current stock price for any of those new warrants. So let's say some douche pushes the stock price to .15. He will be allowed to apply his .30 warrants for example and covert 2 million of those to the current stock price, ie. .15 cents. It's a stupid clause to give him a second change to pick up shares below the warrant price.

As for who exercised those warrants, it is not necessarily Quirk. Read this again.
http://www.sec.gov/Archives/edgar/data/1141788/000118811210001292/t68034a_posam.htm

A few others had the waarrants at the same strike price.