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hankmanhub

07/04/21 12:48 PM

#387715 RE: anders2211 #387712

Sorry, but your response is totally illegible due to the multiple typos and total lack of clarity (and I suspect not at all responsive).
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JerryCampbell

07/04/21 12:49 PM

#387716 RE: anders2211 #387712

The type of communication you describe between nwbo management and warrant holders would very likely violate Sarbanes-Oxley rules.

The part about tieing up money is also dubious because most (all?) of the warrants have the provision for cashless exercise.

There are two reasons to exercise warrants.

1) About to expire in the money, and need to extract value.
2) Desire to sell

If the warrants still have time value, it makes no sense to exercise and just hold the stock.