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Tuesday, March 27, 2012 5:51:53 PM
"the holders of 158,160,749 warrants to purchase Company common stock will have their exercise price reduced from $0.01 per share to $0.005 per share, the holders of 25,000,000 warrants to purchase Company common stock will have their exercise price reduced from $0.02 per share to $0.005 per share, and the holders of 62,000,000 warrants will have their exercise price reduced from $0.03 per share to $0.005 per share."
This means that holders of these warrants are being offered a huge discount, to entice them to continue to invest in the company and buy more shares. This SALE is analogous to a customer going to the mall to buy goodies at hugely discounted prices during the Friends & Family Sale. =)
Deal 1: A $0.03 share now costs only $0.005 to buy, meaning you can buy 6 times as many shares as before the sale. That's 83% discount! (I don't remember who's in this group)
Deal 2: A $0.02 share now costs only $0.005 to buy, meaning you can buy 2 times as many shares as before the sale. That's a 75% discount! (I don't remember who's in this group)
Deal 3: A $0.01 share now costs only $0.005 to buy, meaning you can buy 2 times as many shares as before the sale. That's a 50% discount! (I do remember Dwight and Cole and some other unnamed investors are in this group)
So, bottom line is, I don't see anything bad about this. It's awesome for those holding the warrants, I'm sure.
So potentially, for their continue support and investment in OPMG, if they decide to purchase more shares at these discounted prices, the warrant holders will become pretty rich WHEN (not IF) the OPMG pps goes up.
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