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Re: learning curve post# 33657

Tuesday, 06/26/2012 11:09:55 AM

Tuesday, June 26, 2012 11:09:55 AM

Post# of 80868
learning curve,

AFAIK, all warrants have a fixed expiration date. From the latest 10Q, I found this information:


As part of these agreements, the Company issued warrants to purchase 181,625,000 shares of common stock.
Each warrant vests six month after issuance and expire July 13, 2014 – September 30, 2014,
with exercise prices ranging from $0.012 - $0.015.
All warrants contain anti-dilution rights, and are treated as derivative liabilities.




Remember, a warrant is "the right to buy" at a fixed price. If they issued warrants with an exercise at .50 and the PPS is at .60 at the end of a quarter, it would show up as a derivative liability of (.60-.50) * 1 million shares = 100k.

I have never heard of a warrant that doesn't ever expire, can you point me to where you saw/read that? Thanks.





TurokMan, you mentioned an explanation to deaf yesterday....I was wondering if you noticed if some of the warrants never had an expiration date? At 1.00 or .50?

Even though it's only a million shares or so....couldn't this actually be a heavier burden than we think? Especially if they are infinite in time? Meaning they will always be valued at $1million cash until they have been sold? That in itself is almost 6% of companies current market cap.......and at the same time only .001% of the O/S??

I'm learning too...have you tried looking from this angle?