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Palatin Technologies Inc. Message Board

  • c78596998785 c78596998785 Mar 5, 2013 7:24 AM Flag

    9.9 percent rule (ectract)

    "The Warrants are subject to a blocker provision prohibiting exercise of the Warrants if the holder and its affiliates would beneficially own in excess of 9.99% of the total number of shares of common stock of the Company following such exercise (as may be adjusted to the extent set forth in the Warrant). The Warrants also provide that in the event of a Company Controlled Fundamental Transaction (as defined in the Warrants), the Company may, at the election of the Warrant holder, be required to redeem all or a portion of the Warrants at the Black Scholes Value (as defined in the Warrants). "

    Phil is a danger to an investors capital base... I will no longer reply to his #$%$.

 
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