“Use of Proceeds. The Company shall use the proceeds for business development, and not for the repayment of any indebtedness owed to officers, directors or employees of the Company or their affiliates or in violation or contravention of any applicable law, rule or regulation.”

So still not for executive pay, but business development. Joe always says to create actual value so we await learning of new business development updates on Tuesday’s CC.

Fwiw, warrants $3.50. Let’s get there. None are cashless btw as far as I can tell.