30:1 is what I remember the warrants to be (he asked for warrant conversion) not RS. I don’t have warrants and am opposed to companies using warrants as a funding mechanism.
At .03 or .05 per warrant they are essentially worthless and says there is no confidence PHIO will hit the target price in the given time. Don’t ask me what those are as I don’t know and prefer not to waste my time looking.
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