Claritas Pharmaceuticals Inc V.CLAS.H

New B warrants make A warrants useless?

[1Lighthouse]

I hate when companies do this, been through it once before. Why release new warrants that have lower exercise price and longer expiration than the previous warrants? Makes the original warrants essentially worthless, as who would buy them when the B warrants last longer and convert cheaper? Good thing I have 200,000 of the original worthless ones now lol, plus the same amount of newer ones at least.

But what’s up with that, why destroy the worth of original warrants? Couldn’t they have at the very least, put the newer exercise price half a cent above the old warrants, leaving some value to the original warrants?

Is this a sign of a scam company that isn’t actually interested in making progress, only raising money for hefty paycheques? I’m a believer in their products, but getting less excited about their success with every passing day, and after bad dealings.

Can someone shed some light please? Thanks