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Wow! Do the math here. 19.8mm special warrants at $1.20 gets one share and a warrant for another half share at a strike price of $2.00. So this allows the hedge fund to purchase up to 29.6mm shares for the cool sum of $43.47mm. You could buy 29.6mm shares in the market at current prices for about $17.8mm. I think someone at that fund might be looking for a job!
