I am sorry but I see no logical reason for selling shares and rewriting warrants at $.10 if we are so close to these significant events. If these investors wanted to buy/invest in more shares of BKYI, management should have given them the opportunity to buy new issued shares at a premium to the market, not a discount. Let's face it, if they wanted in as stated by mgmt, they could have bought on the open market and that would have supported the share price. I would have been willing to add an additional 1 million shares at $.15 given the opportunity and could have had other s on board to add to their positions too. This was a bad deal for long time investors and at our expense.
Can you say,"sweetheart deal"? I don't understand why people are ok with a 50% haircut in their investment over the past 1 year alone.
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