RE: RE: I'm baffled
The warrants are based on 21,666,667 shares selling at 50 cents or over. My assumption would be, that it would require a share price of over 75 cents, for all 21.7 million to be executed.
This and other parts of the SEC Form S1 ..fron the link is below
| ? | up to 21,666,667 common shares acquirable upon the exercise of common share purchase warrants at the exercise price of US$0.50 per share for a period beginning July 15, 2010 and ending May 5, 2013, subject to earlier expiration in certain events; |
https://www.faqs.org/sec-filings/120529/Energizer-Resources-Inc_S-1/