RE: de Trentinian, Jean-Edgar buy 108,000,000 @ $0It looks like the filing of the
.32 warrants was for the issuing of the inducement warrants when the original
.07/
.09 warrants were exercised.
The order of the filings are not chronological so if I am reading this correctly the order of things are:
108M warrants were acquired at
.07/
.09
108M warrants were exercised at
.07/
.09 - simultaneously creating a negative balance of 108M warrants
108M inducement warrants @ 0.32 were created from the exercising of the other warrants
For a moment or two I also thought de Trentinian injected $32 mil into the company. The inducement warrants don't expire until late 2011 (if memory serves), so there is no rush to use them right now. However I have no doubt that he plans on making money from them in the future.
Thinking positive