RE: That's 18.3 Million $0.35 Warrants... That's right, as fairyteller said, there's no acceleration clause. Looks like more dilution is possible as fairyteller said, Opel is on the record saying that further financings are not "believed" to be needed.
It's good that they believe in this so much. Hopefully everything will happen as believe and not asit happened with changing the timeframe for milestones as they expected would be reached but weren't before, lol.
Wish those warrant holders believed so much in the company. If they did, then they wouldn't wait to exercise their warrants. They would help the company along and exercise their "IN THE MONEY WARRANTS'" now and thus not diluting the company further.
As the presentation assumes, and believes isn't what may or may not happen. Kind of like the cautionary note in the Pelligrino report back in March of 2011. JMO