Explor Resources Inc. (fka EXSFF)

[gharma]

. . . or it could mean that they are content not to loose the warrants, perhaps on the outside chance that their exercise might be adjusted at a later date (when more politically feasible to do so?)

I have always been pretty amazed that retail investors put up with options and warrants getting extended and repriced. Is it that retail investors are welcome to take risks without any downside cushion, and suffer the shareprice consequences of participants in placements being relieved of downside from a risk they took on that went bad?

I understand how extending and/or repricing serves as a perk that placement participants might consider when thinking about subscribing, but it is in fact the company acting in a way that is not in the interests of shareholder value in at least one blatant sense.