I have not reached a conclusion or am accusing anyone of anything. What I am saying is that it APPEARS to be unjust enrichment and short changing NWBO and its shareholders in the process. The explanations given by the GC are unpersuasive and that is why the question is raised.
Look at it this way. LP and cohorts appear to have given conditional value in exchange for warrant extension for beau coup warrants. In turn these parties should also be given warrant extension conditionally. For example, if TLD is not announced or the SP does not rise significantly during the period of restriction, then those extended warrants should be expired on November 1, 2020. Conditional for conditional. That is fair isn't it? Or do you want to forget it and sweep it under the rug? NWBO CEO and "friends" are not charitable institutions eligible for freely extended warrant donations. In lieu of a better explanation by management, it is difficult to think otherwise than an expensive give away. What would you say if relatively soon, LP did another dilutive raise that could have been avoided had she and cohorts paid cash like the rest of us for warrant extension?
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