FROM FANNIE MAE WARRANTS AGREEMENT: “Fair Market Value” shall mean, with respect to a share of Common Stock, or any other security of the Company or any other issuer: (a) the volume weighted average daily Market Price during the period of the most recent twenty (20) Trading Days, ending on the last Trading Day before the date of determination of Fair Market Value, if such class of Common Stock or other security is (i) traded on the New York Stock Exchange or any other U.S. national or regional securities exchange, or admitted to unlisted trading privileges on such an exchange, or (ii) is quoted or reported on the Over-the-Counter Bulletin Board (“OTCBB”) or by Pink OTC Markets Inc. or a similar organization or agency succeeding to its functions of reporting prices; or (b) if such class of Common Stock or other security is not then so listed, admitted to trading or quoted, the Fair Market Value shall be the Market Price on the last Business Day before the date of determination of Fair Market Value."
" “Exercise Price” shall mean one one-thousandth of a cent ($0.00001) per share."
Based on above, do you believe that 100,000 shares for a single dollar is fair market value at the time the warrants were granted? Did James Lockhart preserve and conserve their assets the way he was supposed to?