True Pokey, thanks for the clarification. However

True Pokey, thanks for the clarification. However it is so that the arbitrator can determine the value of the warrants on 9/24/18. At that time, we were about 20% below the exercise price, so what would the warrants be worth. It was before the run up for the 20:1 dividend. There is no guarantee that Three Brothers would have exercised the warrants. So would 84K warrants have been valued at $0.50 for the time value on that date. Keep in mind that they should not get the 20:1 on the warrants because the ruling is of that dat 9/24/2018. The dividend was not paid at that time.

Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.