cert recipients warrants for the new company at a

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cert recipients warrants for the new company at a 1c strike price. That way, we get the discount between the actual price and a penny and they get something in return.

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I'm assuming that this means that a person would have x number of 1 c shares in certs. If you bought shares on the market for 2.5 cents/ share you would pay 1.5 cents per share? Is that right?

If not, can you explain exactly how this would work, for those us who are not familiar with the process?

Thanks.