Ok let's do this slowly... If there were only 1.2 Billion shares ( and nothing else) and 1.7 Billion authorized, you'd be right.
NOTE: The only time warrants or options would NOT be counted is if the stock price or buyout price is BELOW the exercise price of the warrant or options! NWBO options are exercisable way below current share price. SO if a buyout offer came in at $0.10 per share, some of those warrants would NOT be include as they would be considered worthless. . Or if the warrants or options have expired, which never happens if they are in-the-money
Assuming a buyout above the exercise prices, they MUST BE INCLUDED
However, the warrant , option and C share holders already have THE RIGHT to convert into common, therefore they MUST be counted in any fully diluted market cap or buyout scenario!
If you had 100 million vested warrants to exercise at .20. .30 or whatever, those are just as good as shares owned... If someone offered a buyout of the company at $1 per share, you would pay your .20 or .30 exercise price and get the difference between that exercise price and $1. A profit of .80 or .70 per share respectively. --- your 100 million shares would absolutely have to be paid ... ( maybe an idiot like you would just waive your rights for the benefit of LP) but no thinking investor who walks upright would do that.
A perfect example of this is "supposed shorting by market makers" - If I have warrants to buy 10,000 shares of NWBO stock, I would contact the market maker, tell them I have 10k shares to sell via warrant conversion and they would then short the shares on their desk, and then cover when I send them my shares from the conversion, or the actual warrants. Therefore it's technically a short but only an arbitrage short with no risk or open short position.
LP knows individual investors are generally novices and that is why no institutions want anything to do with this stock. Just look at outst. shares vs. the float - except for the insider's , it's all you guys... Inst. ownership is about 0.25% LOL
There's an old saying about poker games... If you can't figure out who the sucker at the table is after a few hands, the sucker is YOU
stock warrant
noun
A type of security issued by a corporation (usually together with a bond or preferred stock) that gives the holder the right to purchase a certain amount of common stock at a stated price.
A written certificate that gives the holder the right to purchase shares of a stock for a specified price within a specified period of time.
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