direct offering question

Hi i am kinda of having alittle difficulty understanding what this means. the company purchased its own shares at a price of 1.25? if so is news like this good or generally bad for the stock price ?
 

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Hi i am kinda of having alittle difficulty understanding what this means. the company purchased its own shares at a price of 1.25? if so is news like this good or generally bad for the stock price ?

it looks like they are buying their own shares at 1.25 and financing by selling warrants to someone.

It smells shady to me.
 
it looks like they are buying their own shares at 1.25 and financing by selling warrants to someone.

It smells shady to me.

I think I misread it.

they are issuing ADS’s and warrants. I think they are giving the warrants away for free (maybe to the people who are buying the ADS’s)
 
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