$.50 warrants for shareholders interested in not being diluted to death, there seems to be an endless wait here in the $.40's. There are 70M warrants that run out this summer at exercise price of $.50. Just may expire worthless, sharply lowering fully diluted share count.
I for one keep hoping the ridiculous 210M share financing deemed necessary for mengapur is also cancelled. Some things about this company seem very strange. With all this cash, can't they get some decent IR PR? Also the self dealings with the proposed but mercifully (one can always hope) not yet consummated share sale just seem so odd to me. To sell 210M shares at 1.5x pe ratio with a straight face seems farcical to me.