Wearable Health Solutions Inc (WHSI)

[madmoney_1]

Dilution prevention! Right here in a legal SEC document!
Item 8.01. Other Events

On August 3, 2012, the Company reached an agreement with various investors in the Corporation who held certain rights to buy common stock in the Corporation (Warrant Holders). The Warrant Holders and the Company agreed that it is in the best interests of the Warrant Holders, the Corporation and common stockholders to cancel a total of 60,825,660 million warrants. All of these warrants had strike prices that were below the closing bid price on the day before the agreement was reached, thus were considered “in the money” warrants.