Thanks for digging out the number of outstanding warrants OldTimer.....I'm gonna round it to 33.4 million. I don't have any idea what the average conversion price would be but I Imagine its less than $3 ....
I'm wondering what sort of catalyst would cause warrant holders to convert to shares. Benchmarking against Amarin I checked and saw that they were at 293+ million shares prior to Reduce-It results coming out (up to June 30/2018) and then around 365 million on a fully diluted basis....
It strikes me that Resverlogix will have a lot of cash coming in for warrant conversion if BETonMACE succeeds.