Sapo,

Can you provide the source (and link if possible) for this disposition of wts by Frank? So, he was selling the wts (at $0.08) which he bought at ($0.008?), and Frank did not exercise the wts? We need to know this because if Frank exercised the wts he would have to pay 5M x $0.10 (the exercise price for the wts) = $0.5M which flows into KWG's piggy bank, and Frank would be out by $0.5M to convert the 5M wts into 5M shares.

BTW, who would pay $0.08 (5M wts 0.08 = $0.4M) for the wts which are about to expire in July 2014 (In addition, the buyer will need to spend $0.5M to turn the wts into shares) while the shares could be picked up from the market at $0.07?

I must have missed something here.

goldhunter