BONTAN CORP INC BNTNF

RE: Excerpt From Updated Web Site

[ajootian]

Remember their one-day blue special they had recently where they lowered the warrant exercise price to $.60. I would bet that about 1-2 million warrants got exercised then. That would leave something like 3-4 million more warrants still out if memory serves, exerciseable at $1. There's also a ton of options outstanding I believe, several million, all at exercise prices under $1. Hopefully the company would be kind enough to update everyone about their capital structure in the next PR they put out, so we don't have to keep guessing about this stuff.