SGT
Sonny now has 660k warrants to purchase shares whenever he wants over the next five years or so at .42. Its important to note the wording that Boston posted earlier related to those warrants that appear to fully protect their value in the case of a take over, merger, sale etc. by converting them to shares or equity held by the buyer.
Sonny is a lawyer, among other things. I sure he has covered himself from a legal perspective and doesn't need me worrying about conflict of interest on his behalf. Nothing I see prevents a buy out (or more likely it appears, horizontal merger) from taking place whenever the preliminary steps are all completed and the chosen day to announce arrives..
glta