(Total Views: 268)
Posted On: 09/21/2020 10:42:25 AM
Post# of 36566
I thought this was an interesting statement:
Subject to the satisfaction or waiver of certain conditions set forth in the Series A Warrants, the Company may force the Buyers to exercise the Series A Warrants in full on the twenty second (22nd) trading day (the “Forced Exercise Date”) after the effectiveness of the Company’s registration statement that registers all of the Common Shares and shares underlying the Warrants.
If I'm reading this right joe can put these warrants at $.395 after 22 days.At current levels this would be a major boost of 70%.
I believe this is ment to be protection against what we are currently seeing. So it's not really in these investors interest to crater the price if they are put shares at. 395 and current price is .23.
Would appreciate others weighing in.
Subject to the satisfaction or waiver of certain conditions set forth in the Series A Warrants, the Company may force the Buyers to exercise the Series A Warrants in full on the twenty second (22nd) trading day (the “Forced Exercise Date”) after the effectiveness of the Company’s registration statement that registers all of the Common Shares and shares underlying the Warrants.
If I'm reading this right joe can put these warrants at $.395 after 22 days.At current levels this would be a major boost of 70%.
I believe this is ment to be protection against what we are currently seeing. So it's not really in these investors interest to crater the price if they are put shares at. 395 and current price is .23.
Would appreciate others weighing in.
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