Could any lawyer or English major translate this? If Honig exercised the warrant, doesn't the price have to be .50 by the end of August?
"On July 30, 2010, the Company sold a thirty day warrant to purchase up to 41,131,212 shares of the Company's common stock (the "Warrant") at a cash exercise price of $.007901542 per share, for a purchase price of $325,000 to Barry Honig. The Warrant is exercisable for a period of thirty (30) days following issuance, so long as the five day average trading price of a share of the Company's common stock is equal to or greater than $0.50 per share at any time during such period."