Manhattan Scientifics Inc (MHTX)

[jim30jen]

By the way, The strike price on the warrants is $.055 as that has been the base line price for all fund raising and other deals since the Chip Mason deal. $.055 was the market price the day the Mason deal was signed and so it didn't seem fair to other potential "whales" to not get the same rate. That's how they came up with it. I don't think I would have done it that way. I would have wanted the warrant strike to be $.15 or better. That way there would have been at least some performance incentive to get the stock price over $.15. The way it is now, the market has already exceeded the warrant strike price so in theory, they could be exercised and sold upon receipt for a profit since the market price is higher than $.055. In reality this is not a good move because it immediately would create 14 million new shares which by dilution should cause some selling interest. Then they would immediately be for sale and with the low volume we're running this would cause some further declining stock prices. It is going to take some really great news to bump the buying pressure up enough to cause the market to be able to absorb that kind of selling volume plus the normal selling volume that could take place after a news driven spike.(long awaited profit taking)