TomCo Energy - Crosby's Next Multibagger!

Here we have it
"Stephen Komlosy, John May, Gerard Thompson, Howard Crosby and John Ryan have
been granted New Warrants conditional upon completion of the Acquisition and
Placing. The New Warrants entitle each holder to subscribe for up to 7,386,692
Ordinary Shares at the Placing Price, representing 2 per cent. of the Enlarged
Share Capital."

So they can all buy. The Strand warrant is a bit more controversial - they have the right to buy 2% of the company at the placing price. Weren't they paid?