What are you talking about derf those warrants are issued by EQBM,if they are not exercised they remain with EQBM. Its up to them what they do with it. You have the right to exercise them for 0.78 from EQBM who hold those SOMA shares in lieu of being exercised. Why don't you do some homework before you deride others.
The warrants expire with no value, but there must be shares set aside by EQBM for the warrants.
IMO, the company would have a choice on the shares earmarked for the warrants that are never exercised. Ideally, they would be retired from the O/S, but I don't know of any rule requiring it. Depending on EQBM's determination of its interests, they may be sold into the float immediately, eventually, or never.
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