warrants query, page-8

"According to p.9 of the 10Q, the exchange feature was activated and they got 1,424,220 shares FOR FREE."

that was my take on what actually happened, but its not what i understood would happen at the time. therefore the confusion.

i wonder why U.S. companies dont do a share purchase plan when theyre short of cash, like aussie companies do? if the current shareholders are gonna get diluted, then they might as well get something back by being allowed to participate at the discount price.

that dilution was small bickies, but still, i would prefer them not giving low priced shares away. great deal for creed though :-)