Post by
Iseneschal on Apr 19, 2023 3:55pm
SYTA..... My bad. I stand corrected re: P.O
What u r seeing today are warrants being exercised and of course the volume increase.....is this a good thing ?
Time will tell...here is an excurpt :
On January 18, 2023, we entered into Warrant Exercise Agreements with fourteen existing accredited investors who exercised certain outstanding warrants (the “Existing Warrants”) to purchase up to an aggregate of 18,042,857 of the Company’s previously registered common shares (the “Exercise”). In consideration for the immediate exercise of the Existing Warrants for cash at an exercise price reduced from $0.23 to $0.20 per common share, the exercising holders received new unregistered warrants to purchase up to an aggregate of 18,042,857 common shares (equal to 100% of the common shares issued in connection with the Exercise), the New Warrants, in a private placement pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”). The 18,042,857 common shares underlying the New Warrants are being registered in the registration statement that we have filed with the Securities and Exchange Commission (“SEC”) of which this prospectus is a part.