They've extended the warrants from a year ago for another year, but did not change the exercise price which remains at $1.

That financing was made just before they announced the AZ acquisition, so that's probably where the money went.

At the time, about a year ago, it cost EE $.79 per share for that financing, with the further warrants to buy an equal numbers of shares a year later for $1 each.

At any rate, why bother extending for a year for $1 if you don't think the stock price will get there in time? We can cling to that for the day, I guess. At least it appears that someone believes we are worth at least $1, and presumably more.