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Hanibal

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Hanibal

Re: aloushi post# 496

Saturday, 12/18/2010 8:04:31 PM

Saturday, December 18, 2010 8:04:31 PM

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Warrants inherit the split automatically from the common stock. They do not have to be explicitly split.

If the strike price right now is $50, and the 1:10 reverse split occurred, the strike price would be $500 after the split.

But that's not the case.

The strike price for the warrants was $5 before and is $50 now, after the common stock split.
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