The warrants that were exteded werepast of a PP in 2007. Ercised price was .15. By extending thir life but 3 years ,management has accomplished two things.
1- preserved the chance that they will receive revenue from exercise of these warrants if the share rice rises above .15 . There were approx 750,00 shares =warrants issued.
2. Those investors who made the PP investment will be embolden to participate in future PP by the action of the company to ahow their concern for shareholders who would have lost their warrants due to poor market.