RE:RE:Chain of events.Hmm, right. Though he has plenty of warrants that add up to more than enough. I don't know the technical details, or whether it's even allowed, but perhaps he could transfer the warrants he's yet to exercise back to the company, that way they never reach him, and are basically turned over to the buyer.
But you're right, the company likely just offers shares to reach the amount needed. It's only another millon or two shares, which is small for such an underfloated company.
Satxxx wrote: If Peter sells his own stock, that money goes to Peter's pocket and not to the company's treasury which is where it is required for the listing. The company will offer shares to the public most likely to secure the dollars required to list on the TSX.