Replies to post #10933 on Stratos Renewables Corp (SRNW)

[MrSmith18]

This might help answer your question...

The Company reserves the right, at any time and from time to time, as determined by its Board of Directors, to extend the expiration date of the Warrant Certificates one or more times ... at least 30 days prior to the then expiration date of the Warrant Certificates.

I didn't go much deeper into this issue but assume that the decision to extend the period can be done internally with no need to refile. However, if the warrant is allowed to expire or the striking price modified, then reissuing a new one would require an S-1/A registration.

My guess is that GS will extend the period 30 days prior, if necessary.

[I-Glow]

Smith is clueless about securities law.

You posted:

"The other issue I foresee with extending the warrants is this: FORW S-1 is being reviewed right now for SEC approval. They've already made a few amendments. If they extend the warrants, doesn't that mean they need to file another S-1/A just to redo the warrant terms? And wouldn't this through a huge wrench in the S-1 approval process, thereby delaying it?"

Post your proof - "FORW S-1 is being reviewed right now for SEC approval."

The S-1 was filed 9 months ago - then he amended the filing over 5 months ago.

There was The Nigerian Diaper Scam - BEMAX got their S-1 deemed effective in 2 months and 18 days. But Sharp can't get the FORW S-1 deemed effective in 9 months.

This means there is a problem. Bemax filed their S-1 and the SEC deemed it effective in 2 months and 18 days but Sharp can't get the FORW S-1 in 9 months.

And oddly no updates from Sharp.

IG