StageZero Life Sciences Ltd T.SZLS

RE:RE:Warrants

[IainCaimbeul]

Nailbiter2 wrote:

A number of shareholders have asked if thy could extend the expiration date of the warrants and also reduce the exercise price of the warrants.  Generally, shareholders obtain warrants as part of a private placement.

 

They have extended the expiration date on some warrants earlier this year.  However, for the ones coming up this was the best way to manage it and also allow individuals to exercise their warrants rather than have them just expire.

 

It is a time consuming process to get permission to change any aspect of the warrants and you will see in the press release that they were unable to make any changes to the listed warrants.

 

This is a good thing as there are shareholders who will exercise their warrants rather than lose them and that will put money into StageZero.  The press release was put out as part of the regulatory requirements when dealing with warrants.

"This is a good thing as there are shareholders who will exercise their warrants rather than lose them and that will put money into StageZero."
Check my earlier post; at 6.5 cents exercise price and best warrant price of .5 cents you would be paying almost double the current share price. In what universe would that make sense?