Hi Steve, I think it's important to note that many of those warrants are priced above .50 and will most likely expire without having any impact on O/S, However about 18 million of those warrants are related to the last private placement and they can be purchased @ .30 Taking into account the current price of the stock, I think the most likely scenario is many of the warrants will expire, and the stock will not reach the fully diluted status.
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