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Message: warrants being issued for pennies, company buying back
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No, you didn't get it right. Roughly 3 million in warrants were converted to common stock - that's why the total outstanding went up - but the number of warrants went down. The number of fully diluted went up because Pohl exercised his options in June and was awarded 1,500,000 shares. That's why the fully diluted went up. But we knew about Pohl's options 3 months ago, so it's not a new issue.
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