I wouldn't be assuming that. But the warrant cancellation probably is more about the FORW audit, or the incoming company/s on either side are interested in renegotiation the warrant terms.
FINANCIAL REPORTING Reporting Status Alternative Reporting Standard Audited Financials Unaudited
is currently engaged in early discussions with an acquisition target
Shareholders and potential shareholders should be aware that discussions are in a preliminary stage and no further details or updates will be proffered unless the parties have entered a Letter of Intent. Whether an agreement will be reached; how long it may take to reach such an agreement; or, the terms of any possible agreement, are purely speculative.
News 
Market Data 
Discover 
