KOO - For some reason I think KD can afford some legal advice. It should not be an issue for the company to issue additional warrants to Eastern either if they happen to extend and maybe increase the backing of the LOC. One challenge that may occur is how the warrants that expire this year get dealt with. If they are extended and repriced but not exercised then everything should be just fine.

In a situation where there is a buyout offer, warrants can be converted to shares and sold on the same day which would not negatively affect the balance of the shareholders. Pretty sure it could all be arranged to meet whatever legal hurdles were required.

I can't remember whether it was this past AGM or the one in 2015 that DM said that KD was a really great shareholder to deal with. The fact that he has not asked for a seat on the board so far is a great testament to that statement.

tada