Very true. Leo has until the 9th of Nov to buy thi

Very true. Leo has until the 9th of Nov to buy this deal back, after that he can only call the warrants back at an 8% premium, However the MFO then has 30 days where they can convert as they please, as long as they don't exceed 9.99% of OS for any single holder or a holder and their affiliates. there is also a few other criteria's in terms of max buying in any single day and others.

I haven't been able to find out how many holders are involved in this deal, so hard to figure out if this 9.99% is any block at all.

I hope Leo has this deal in the bag and can get it done before the 9TH of Nov, otherwise there will be a fair amount of dilution due to it. At this stage it was obviously necessary.