Replies to post #2887 on GB Sciences Inc (GBLX)

[stocktrademan]

I'm more a technical trader using indicators, but I think your research is very detailed and impressive, however not necessary for my trading. The people who know more about that than myself have indicated that things are bullish right now, the chart has bullish divergence and is trending higher. That's all I need to know. Not trying to sound glib or smart, just honest...

[transmigrator]

Update to my previous post..

So after reading some of the recent GBLX filings more carefully I do not see where the article I cited, link below, can say... "Lazarus Management Co LLC, has filed to purchase 22.3% of Growblox shares. The move reflects Lazarus’s confidence in the growing cannabis company."


Here is the link to that article
http://www.journaltranscript.com/2015/05/growblox-sciences-inc-otcmktsgblx-announces-new-website-focusing-on-three-divisions/

What I see in the 8K filed on 4/30 is Lazarus selling their warrants back to GBLX for 40K and not exercising them. Any one following these events have any ideas? I see that GBLX says "temporarily reduce the warrant price". Why would Lazarus sell them back? for a penny? Is GBLX asking warrant holders to exercise or return? If so why?

From the 8K
In order to encourage the exercise of the Company’s B warrants, on February 12, 2015, the board of directors of the Company passed
a resolution to temporarily reduce, until April 30, 2015, the exercise price of such warrants from $2.00 per share to $0.20 per share, and the
holders of the B warrants were notified of such temporary exercise price reduction. As at April 29, 2015, B warrants to purchase 1,970,000
shares of company common stock were exercised at $0.20 per share, resulting in net proceeds of $394,000 to the Company. On April 30, 2015,
the Company’s board of directors extended to 5:00 PDT on May 15, 2015 the temporary voluntary reduction of the exercise price of the B
Warrants to $0.20 per share and notified the holders of the B Warrants .



On April 27, 2015, Lazarus Investment Partners LLLP and Lazarus Israel Investment Opportunities Fund, LLLP sold back to the
Company for $0.01 each, warrants to purchase 3,000,000 and 1,000,000 shares, respectively.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10659512