The private placentFor those of you who are new. The private placement done at .65c has a strike price of .81c So this means in year and bit from now when these warrants come to maturity the s.p HAS TO go over .81c to facilitate these warrants. So if these institutions want their millions they have to eventually push the s.p well above .81c in order to cash out. So if you are buying at these levels that will be a return of over 200%.