Prospect Global Resources Inc fka PGRX

[Steuvin]

"Now, hypothetically if Very Hungry LLC were to agree to exercise their warrants and purchase these shares, that would give Prospect enough money to take them through the DFS and leave further dilution for a much later point in time."

What's the point? Exercising currently outstanding warrants to raise X amount of money results in the same dilution as having some third party such as Sichuan spend X amount of money to buy new shares, assuming the purchase price is the same.

Prospect needs a ton of money. Maybe they can raise it and maybe not. If they do, the dilution will be extreme.