Replies to post #1239 on Superstar Uplisters

[jtomm]

RBIT -- No, as I read it, the warrants being issued are a separate matter.

Right below the table of contents are the details. Then continue on to the "Summary of the Offering". After the offering, they will have:

2.9m shares outstanding
1.75m warrants outstanding at 6.55 strike for 5 years

but that does not include the other 1.5m shares to be issued by mid 2014 which was a matter involving warrants that existed previously:

"Effective as of November 13, 2013, certain warrant holders agreed to exchange warrants to purchase 496,060 shares of common stock for 1,554,734 shares of our common stock (the Exchange). The warrant holders are committed to exchange their warrants which will be cancelled; however the shares will not be issued until after our next shareholder meeting, which must occur prior to July 1, 2014 and at which time we will request to increase our authorized shares of common stock, provided our shareholders approve such increase."

A few other exlusions bring the total shares out to around 5m, with another 1.75m warrants.