The tender price should be at a discount to the wa

The tender price should be at a discount to the warrant tender price, whatever price that may be.

I assumed many warrants were at more than .50.

If not, then the tender would obviously be less than .50.

I would think a discount would be attractive given that the SP is so much higher than the warrant price, especially for warrants that will be expiring within a year.

LM

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