Read the 10Q filed on Aug 8th for June 26 ending the Q
The Only Prefferred Class A's were owned by 2 - Sileas and Alpha - Alpha only had 75 Prefferred A's left and 455 class A's converted - leaving at the least 380 Prefferred A's for Sileas that already converted - $2.5M worth and now has about 560 left if Alpha converted all he had, if Alpha didn't convert then Sileas converted $2.75M worth of A's and at the old $2.50 conversion - Sileas can only hold 9.9% of the outstanding and with Sileas conversion they held at least 66% of the outstanding - Simple math and the S-1 now complete has changed all that
I can't really follow you here and what your point is. Granted I don't know the company other than I follow it from far without having looked at all the details. I just had a look at the warrant you mentioned. I see a 1.90 strike, not 1.50. Running until 2019, 3 years from now.
Again why do you think the warrants are the better play? If these warrants will ever get even near the strike price the stock will have been a great play as well.
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