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artfink

05/28/10 12:05 AM

#133456 RE: iggz #133441

They are given the OPTION to BUY a certain amount of stock at a certain price DIRECTLY from the company and can then sell them into the open market. Newby has warrants with a strike point (the price he can buy shares at) upwards of 20 cents according to Dean in the CC today and up to 50 cents according to a poster on the board who spoke with Newby. That means the lender believes this will reach well in excess of 20 to 50 cents.