key points:
1- Company needs money now & conversion of warrants expiring after April 12 is a quick way to do that!
2- The December 10 (after news is out on Dec 5) starting date sends a clear massage that the news is good, which will inturn encourage the holders to convert!
3- The exclusion of the insiders might be because they already know the news is good & their participation might be considered illegal?
4- Company will have breathing room to better deal with more important matters (partnership/buyout....), while minimizing concerns about the short term financing which is in everyone’s mind!!!
5- It all positive IMO!!
GLTA