Sorry to disappoint the shorts but,, that's not what is happening at the moment,, that guy has his numbers mixed up.. Not to leave out,, if an IR told him that,, the SEC ,, and the company would fire his butt.
from the most recent filing , regarding A and B warrant packages,, slated value per group.
AMENDMENT NO. 2 TO FORM S-1, May 22, 2013
March 2013 Financing;
“Series B Warrants,” and together with the Series A Warrants, the “2013 Warrants”) at a purchase price of $2,050,000 '..
he's taken the whole share number of 70 million, originally said inside the march agreement,, and confused that as whole share amount of the A warrants.. where at the time was 12 million share..
somehow convoluted the current known B warrant exercise as,, what he thinks is A..
Fact is,, nothing has changed nor is there going to be an immediate 'forced' conversion of A warrants..
it's just that simple..
well,, providing you too can read the files.