The following was part of the company's press release about modifying the prior warrant conversion time table and price.

The Original Warrants were issued with an exercise price of $1.50 per share but such exercise price would reset on July 20, 2017 to $1.26 per share if the exchange was not occurring whereas the $1.30 Warrants in part replacing the Original Warrants have a fixed exercise price of $1.30 per share. With the exchanges, the Company is hopeful that the holders of the Original Warrant will exercise the $0.35 Exchange Warrant during the 60 business day time period beginning on the Issuance Date available to exercise such warrants before such warrants expire.

I see a specific reference to the number $1.26 but that is only regarding exercise prices of formerly granted warrants.  Somebody on the "other" board either misunderstood or there is something more sinister behind the fake news.