This is a complete distortion. LP received new warrants for over 29 million shares that add to the dilution of the share price at a cost to shareholders.
The six month restriction for the exercise of the other 10 million or so for the other warrants she holds, subject to this restriction, provides virtually no value to the company and shareholders. In fact, that restriction could result in negative value to shareholders since the company would have to wait six month for the cash paid by LP for exercise of the share purchase.
It’s almost impossible to see any value that LP is offering for 29 million in warrants. Moreover, since she’s the CEO, doesn’t she have a good idea what might happen over the next six months? And there is a real problem with having that inside info to transact this kind of deal by an insider.