on a regular basis. It was all related to the warrants being repriced (and when they got their limit filled, we would usually get some kind of news that caused the stock to go back up or up a little, anyway)-- does anyone else think that this is what was happening today? Please read the following taken from the SEC filing and let see what you think. Buying at the low levels when they were repricing the warrants was a good way to accumulate the stock, by the way. ads
In connection with the execution of the Master Agreement, the Company entered
into Waiver and Consent Agreements with six individuals holding warrants to
acquire shares of the Company`s Common Stock and Waiver, Consent and Release
agreements with two entities holding warrants to acquire shares of the Company`s
Common Stock. Pursuant to these Agreements,
(i) The Company agreed to pay the warrant holders $2,327,651 through the escrow
established under the Master Agreement;
(ii) All of the warrant holders consented to the transaction described in the
Master Agreement, and the entities holding warrants agreed to amend their rights
with regard to those warrants to eliminate their lien rights, warrant redemption
rights, and right of first refusal rights;
(iii) One of the entity warrant holders agreed to reconvey warrants to acquire
12,000,000 shares to the Company; and
(iv) Warrants held by one of the entity warrant holders will be repriced at a
lower price.
The parties have executed and filed a stipulated final judgment in the
Inventorship Litigation which provides for dismissal of the Company`s third
amended complaint and final judgment in favor of TPL and Mr. Moore on their
counterclaims.