lacquer nails smiley Not proud of myself, when I voted " Yes " for the recap I thought the warrants were giving to compensate for the accumulated dividend. Well I've just realised the Prefs doesn't receive more than the common share holders;

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Warrants:

Common share holders will receive: 0.28571 Warrants for Each 100 existing common shares.

Preferred holders will receive: 3.57143 Warrants for Each 100 existing common shares which is simply 0.28571 X 12.5 .