fire the damn accountants as well.     

Co issued 12,200,000 units (1 sh+ 1 wrt) to Sorbie.    

Note 20 shows the amount of $0.175 warrants o/s at 10,700,368 so did 1,499,632 get exercised?  If so why is this not included in the change in shares o/s and why are no proceeds from the exercise recorded?