Provectus has issued large amounts in the past: 641,500 warrants in Q1 2011, 649,518 in Q2 (to Network 1 Financial), 293,500 in Q3, and 752,000 in Q4.
Warrants outstanding as of the end of 2011 are below. This table should become much more relevant later, and I will blog about that in due course.
Who are these consultants, because 1MM is a large number?
- Is it one consultant, or more?
- Is it Network 1? If so, why not say so, as management did in the paragraph noting the Q2 2011 capital raise in the 10-K?
- What kind of consultant or vendor could or would warrant (pardon the pun) the issuance of 1MM warrants?
- Is the Q1 2012 issuance related to the Q4 2011 issuance, or previous issuances of warrants?
Lots of questions. No answers quite yet.