Be careful, here,. LSR will only exercise their warrants if the ECOS share price exceeds their option strike price. it is just above the strike price on Option 1.
They actually get 60% of ECOS Bio-Art (where the economics are) without buying into ECOS.
My guess is that LSR's play is to get control of ECOS Bio-Art and leave ECOS alone. LSR's lawyers are very shrewd and have set up a deal for their client to control the technology without having to buy anything in ECOS.
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