 Hey guys, what's going on? It's Chicago Trader checking in here for I believe the fourth video This week there should be it should be on the warrants So the PDF to go along with it should be right under it should be a Google link in the video section In the library on the website So I'll just jump kind of right into this with the second Slide in the PDF or second page So before I get into some specific examples warrants or sweeteners in offerings So you'll obviously see a lot of them have by you know X amount of shares are issued to let's say AC Wainwright And then there's also warrants attached on them. So they're considered sweeteners for a few reasons they provide some incentive for the underwriter they provide some incentive for the company itself 20 cent stock It's a oil and gas company complete turd. You know, you can pull up the daily chart. It's a 30 million dollar company You know, I guess it doesn't look terrible there, but if you scroll back a couple years, you know just completely You know used to be $80 two years ago so The first thing you can see they're offering 31 million shares of common stock they're being sold to a Institutional accredited investor They're being sold at a price of point one four Also, you can come down here and concurrent private placement. They are also selling warrants to purchase 31 million shares. So Boxel So if we can punch that one in and you can see This thing IPO a little over a year ago, I believe let's just punch this in real quick on the chart Yeah, so you can see right behind here right back here is when an IPO and so call 18 months But anyway going to the filing Excuse me You can see, you know, that's all this stuff pre IPO here before is even trading It has the S1 so there's no S3 Excuse me And you come to see if they have this effect here and there's nothing So the reason I wanted to show this one You know with the state of the government shutdown the SEC effect, right the SEC is not issuing effects on new ones So how does a company like this survive if it's low on cash? It doesn't have a shelf that you know an S1 or an S3 You kind of if I come here to the 10 Q you look at it and You know as of let's just call October 1st. They had a million 1.5 in cash