Replies to post #1488 on Great Basin Scientific Inc. (fka GBSNQ)

[Global Interface]

4 commons and 8 C warrants. The formula is the flaw. Note the A and B warrants are not being exercised because the price is too high to pay. If a warrant automatically converted to a share and was already paid for, why let it expire in a few weeks?

[Global Interface]

In a round about way, you are correct also. While "technically" they aren't "paid for" it is IMO true that they are getting shares for free based on the "technically inefficient" formula.

Sorry for confusion.

GL

G