Replies to post #9248 on Bzam Ltd (BZAMF)

[Jmach101]

so those .50 exercise priced warrants are being exercised now , which equals 21 million plus cash for TGOD.

A warrant is exercised once the holder tells the issuer they intend to purchase the underlying stock. When a warrant is exercised, the company issues new shares of stock, so the overall number of outstanding shares will increase. The exercise price is fixed shortly after issuance of the bond.