RE:RE:RE:RE:RE:RE:Warrant amendment approvedDarvesh wrote: Not wierd at all. In fact totally expected. With the warrants gone off the balance sheet in a month this is good news.
Now please do not say it is wierd if the share price stays at or below $0.13 for the next 30 days.
I agree that certainly that would not be wierd.
But there is also another possibility if the company has some great news for shareholders in the next 30 days.
If the stock trades at 16.5 cents for ten consecutive days the warrants are forced to exercise or accept the put settlement.
Any proceeds from exercising could be applied to reducing debt and any warrant holders who put their option would reduce the share dilution.
This would accomplish two positive things simultaeously for the company and its stakeholders.
I believe that there has been some kind of direction from major clients that if they reduce their debt that a lot more business will come their way.
The are essentialy bankers so I can see it being important to them.
Either way it is a very positive development IMHO.