I'm sure that they can't just extend the time them for nothing in return. I don't know that they have ever done that. All the repricing I've seen in the last 4 years has conditioned on buying stock offerings. We've seen warrants repriced to the current market price of the stock and exercised, and we've recently seen people participating in stock offerings and getting up to 3-1 1 year warrant time extensions beyond April 2020 to new shares purchased. Especially with LP holding a lot of the expiring warrants and the company being under increased scrutiny, imo there is no way that any warrants will just be given free extensions without giving anything in return such as buying into a new stock offering as we've been seeing so far on the April expiring warrants which have been given 1-year extensions. A quid pro quo with the company getting something in return, namely holders putting up more $, has established a certain value for one-year warrant extensions.
Everything tells me that the April warrant expiry is one additional strong reason to expect TLD to be revealed asap. It's not unimaginable that they could come up with some deal to extend the warrants like as they have been doing in return for buying a stock offering. But it would clearly be simpler and cleaner to get the stock priced above the warrant price before they expire. I don't own any of the warrants myself, but I'll still be incredibly pissed off if we don't get TLD well before April.
FWIW, the repricing they did before the extension of authorization of total outstanding shares, they did as a maneuver to be able to sell an offering not of plain new shares but of new shares coming from warrant exercise. They didn't have enough shares authorized to raise the $ on a straight public offering of stock, so in return for the warrant holders exercising their warrants, they had to lower the warrant price to the price stock was trading at. The repricing was entirely contingent on the warrant holders exercising the warrants at the new price. In fact, they then also gave the warrant holders a full replacement of the warrants at a price higher than the market but lower than the original exercise price of the warrants they held. It was a damn good deal for the warrant holders assuming that the stock doesn't just get wiped out or the price decimated. But they certainly had to put up more $ to get the repricing. There have been no unconditional one-sided freebie deals to extend or reprice warrants in the last 4 years I've been involved.
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