I agree that this is good if warrant holders take advantage of it. Recent fundraising has included whole warrants and I doubt that would change without good news coming so the dilution from a PP would be huge. This is not dilutive at all as if we rise, they would be exercised anyway and if we crash, they wouldn't be exercised and we would get nothing. The down side is we give up some cash under the original exercise prices. We need cash to keep the lights on and I think this is the most efficient way of raising it. There are too many possible combinations to figure out who is involved. Just roughly, I think you could come up with approximately this number from HL and EC. Also, I think you could with the others also. There were a few large PP's and 3.5 mm to 3rd Eye as well as 600,000 to Ori Star. I don't remember any $4.00 exercises but maybe I am just slipping. The January & April raises were $3.21, June was $4.60 and the Ori Star ones connected to the debenture were $2.54. The expiry date for the OriStar warrants is Dec. 31/23 so appears to be the final date in the news release including them. On April12/18, 182,457 warrants were issued to someone at the same time as the Third Eye Loan was taken and Third Eye received 3.5 million warrants. I am not sure but I think these might have been issued to Eastern Capital for providing the Loan Commitment Letter. These expire on April 12, 2020 which is the first expiry date in the NR. If these are Eastern Capital's that would include them in this.

If we do well on share price, we give up a little top end when we can handle it better but if we crash, we at least get this rather than nothing at a time that we dearly need the money.