There are another 85m warrants with a strike of $0.16 for face value of $13.6m which expire 17/12/19, but don't know who holds them.
If it was O L Master it would leave them with a big chunk of the company, of course, between now and 17/12/19 there will be CR's which will dilute O L Master. But they have a large holding nonetheless.
O.L. Master LTD, page-3
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