options/warrants

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ismore

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options/warrants

posted on Jun 02, 2011 09:35AM

The next round of expiries on options and warrants will be July 29 and 30.

Warrants - 499,998 @ .30 and .45 - this would bring $150K to the co.

Options - 1,351,660 @ .15 - this would bring another $200K to the co.

I wonder if the exercising of the in-the-money options will mean that insiders will have to sell shares to raise the money. This should bring out the naysayers again!

I'm still concerned with our cash burn rate while we are touring the world promoting and are sitting on our duffs (apparently) in Peru. Can anyone update our cash situation?