Here is what's on the SEC's site, filed on 2015-03-06.
"Each share of Series E Convertible Preferred Stock is convertible at the option of the holder into four shares of common stock of the Company upon the earlier of (i) six months after February 25, 2015, or (ii) 15 days after the Separation Trigger Date in the event of Early Separation. Each Series C Warrant is exercisable for one share of common stock of the Company upon the earlier of (i) six months after the date of this prospectus, or (ii) 15 days after the Separation Trigger Date in the event of Early Separation."
Nothing about 2 days. It says 6 months after February 25. Was this amended?
What do you think about the definition of "month"? If we consider it to be 30 and 5/12 days, then the exercise date came on the 24th, not the 25th.
If I am reading the warrant contract correctly, it seems that these folks should be in jail NOW.
It won't just shoot to $1.20 to avoid delisting.... don't think that's right... but it might shoot to $1.20 for other reasons.
Well, today it seems that at 3PM the markets tanked for no reason... taking AERI down with it.
Look at the trending news on CNN...
"White House jumper killed after pulling knife in Pennsylvania court".
Algorithms control the stock market.