What about this: C. Exercise of Warrants 1.
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Posted On: 05/18/2017 12:03:51 PM
What about this:
C. Exercise of Warrants
1. In March, 2017, the consultant mentioned in Note 3B1 above exercised their 400,000 warrants and acquired 334,450 shares of common stock in accordance with the original terms of the warrant agreement. The exercise of the warrants was made on a net share settlement basis and resulted in delivery to the Company of 65,550 shares by the consultant for a total exercise price of $130,000, based on the average market value of the common shares for the ten-day period preceding the date of exercise.
2. During the first quarter of 2017 the Company received $66,666 through the exercise of 266,666 warrants to purchase 266,667 shares of common stock. The warrants carried an exercise price of $0.25.
This is positive to me because it shows continued faith and belief from this "Consultant" who has met with management many times and speaks to them directly more than any of us.
C. Exercise of Warrants
1. In March, 2017, the consultant mentioned in Note 3B1 above exercised their 400,000 warrants and acquired 334,450 shares of common stock in accordance with the original terms of the warrant agreement. The exercise of the warrants was made on a net share settlement basis and resulted in delivery to the Company of 65,550 shares by the consultant for a total exercise price of $130,000, based on the average market value of the common shares for the ten-day period preceding the date of exercise.
2. During the first quarter of 2017 the Company received $66,666 through the exercise of 266,666 warrants to purchase 266,667 shares of common stock. The warrants carried an exercise price of $0.25.
This is positive to me because it shows continued faith and belief from this "Consultant" who has met with management many times and speaks to them directly more than any of us.
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