Re: So now we are going to test .40? Johnydoogood

No such message found

Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

SGE1

Rank: President [?]

Points: 26670 [?]

Votes: 187 Score: 3.5 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: So now we are going to test .40? Johnydoogood

in response to

Re: So now we are going to test .40?

johnydoogood

posted on Jan 23, 2007 08:35AM

I'm behind in my reading, so someone else may have already explained. But the 2 million shares a month limit is on how many warrants PTSC can buy from S&L direct. There is no limit on how many SHARES S&L can sell on the open market.

S&L may be selling a good deal more shares and not only to enable conversion of warrants before they expire, but also to enable conversion of as many warrants (not currently subject to expiration) as they reasonably can simply to improve the condition of PTSC - which is, after all, their cash cow. Healthy cow = more milk/meat in the long run.