Post by
lscfa on Sep 25, 2024 4:35pm
Forget new financing, get warrants exercised
The 15,000,000 30-month $0.52 warrants issued October 5, 2023 have 18 months left. Offer a reduced exercise price to any holders who will exercise in next 30 days, say $0.25. (Or 30 days after the damn fins are filed). This could raise $3.75 million. Part-time CFOs have no imagination.
Comment by
Aei773ou on Sep 25, 2024 5:07pm
This is not realistic as the majority of these warrants are in the hands of insiders. They already have substantial amount of share they want to sell but can't because of the CTO.
Comment by
lscfa on Sep 25, 2024 7:13pm
Wrong. The warrants are held by the partipants in the last $6M financing which are institutions.
Comment by
Aei773ou on Sep 25, 2024 7:45pm
Wrong, individual insiders has more than each PP investors.
Comment by
lscfa on Sep 25, 2024 8:28pm
Wrong again, d.a. Reliq has 17.8M warrants o/s, 15M are held by the institutions from the last financing.
Comment by
Aei773ou on Sep 25, 2024 9:03pm
Wrong again, you cannot assume these fools to do it again, and remember each insiders has more shares than each such fools.lol. Practically, impossible to find a fair value good enough ask any idiots to convert. You suggestion is a dream that can't come true. Pure empty talks of no significance. Hard for you to swallow but is the reality.