And anyone with a basic level of corporate finance level can ascertain that the exercise was going to happen when the share price went up. Those warrants were going to be exercised eventually - whether they HAD enough cash on January 30, 2018 is 100% irrelevant. To Thom Kidrin, you have two options:
1) Warrants are exercised (not even 100% his choice). Going to happen eventually.
2) Sell MRMD - can do this at any time. 2017 and 2018 share movement suggest more capital gains may be coming. Why would you do this when you have $1M in warrants that are 100% going to be exercised? WDDD doesn't need millions of dollars.
Morris Smith isn't leaving his ITM warrants un-exercised because WDDD has enough cash to fund operations.
Once again, those MRMD shares were NOT worth enough - to the point that warrants needed to be issued. Now that they are worth 12-16 years in WDDD cash flows, there will be no need for any more warrants in the first place.
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