Hey Subtractington, the 10K is out! Time for some splainin' & some sheet:
"
3. WARRANTS
As of April 30, 2000, the Company had warrants for 3,164,000 common shares
outstanding. These securities give the holder the right to purchase shares
of the Company's restricted common stock in accordance with the terms of
the instrument. Warrants to purchase 1,925,000 shares are exercisable at
April 30, 2000.
Outstanding at April 30, 1998 1,300,000
Granted 200,000
Exercised or retired -0-
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Outstanding at April 30, 1999 1,500,000
Granted 2,064,000
Retired (400,000)
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Outstanding at April 30, 2000 3,164,000
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