XYBR - Xybernaut Message Board

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Technology Stocks : XYBR - Xybernaut

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To: Jason Flora who wrote (2699)	7/2/1999 3:11:00 AM
From: Eric Dickson	Read Replies (1) of 6847

Wouldn't the company face liability for dilution of the shareholder's interest if the warrants were extended and eventually converted to new shares? Couldn't a shareholder legitimately claim that the warrant holders made a choice involving a calculated risk for a potentially greater reward and lost the bet -- that reviving the worthless warrants would violate the fiduciary duty owed to the shareholders?

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