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Bourbon_on_my_cornflakes

05/01/18 11:23 AM

#66612 RE: Donjayouworry #66611

Yes, give Ken a couple weeks to think about extending the warrants.

An Extension is financially smart, and morally right. It would say a lot about how equity holders will be treated under his management.

ignatiusrielly35

05/01/18 11:40 AM

#66614 RE: Donjayouworry #66611

True, Donja. The only way the warrants may be extended is if the expiration is close and they are still OTM. If they are in the money they basically have no choice but to take the $15m. Actually, it could happen if they are just barely in the money also, because there is a chance it could drop OTM at the wire.