WARP...I BELIEVE YOUR WRONG...
Old warrants do not go away. So there is 83M = .06 = $5M
Of which a min of 3Mill will be paid by March 7th. But the 5M in entirety will be forced regardless when the 20 day over .10 happens.
So for the first traunch...3M raised, plus 5M warrants = $8M...
Now to whats announced today...
The new warrants are just that! NEW!
They add NEW warrant shares to the current accredited investors at .12c per share.
So in total...
3M raised, plus 5M in original warrant money, PLUS a new 4.5Mill in additional cash at .12c! So the deal is...
3Mill plus 5Mill plus 4.5Mill= $12.5Mill in total revenue
This deal raises additional cash as the stock rises and at a price significantly higher than current pps!
Do you see what I am saying?