No, Sandy, not normally. When warrants are called, warrant holders are required to put up the money they promised when they BOT the warrants or were granted them in an earlier financing, and take shares in the company at the time of the put up or shut up "callable" order.
Therefore, it represents another opportunity for a share dilution,
and this stock just suffered about a 40% float dilution just a few days ago, when they filed an S-8, earlier referred to my Anthony on another thread.
So...this is NOT particularly good news, ok?
Now calling them is not the ONLY option a company has, let me hasten to point out, and I'll let others fill in the blanks on that, because I'm not up on all the intricacies of warrants, BUT...
with AMEN's announced plans for expansion and new hires, I can believe
they need all the money they can get their hands on to get from point
A to point B, if you get my meaning.
Regards
O/49r
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