Warrants are different than convertible notes, but yes, I want more info on them…. 80 mil in warrants with a 3 year hold on exercising them. Do they cancel if the company pays them back, do they adjust if the pps rises? I’ve asked IR about it, and of course, they tell me this, along with many other questions will be made clear by the company when the financials are released.
That’s a lot different than you telling everyone 6.5 billion shares would be required for those notes.
Secured by warrants remove the derivative liability, which is good