Hypothetically speaking, if the shares were trading at say $0.10 - $0.20 by the time of the meeting it would not be in shareholders' best interest to vote for it.
As it stands, it's already not in shareholders' interest to massively dilute their own shareholding by issuing 166m shares at $0.08 in November 2025, considering the implied value is $0.80 and EUR were buying back shares at $0.10 last year.
These things normally get past, but really ... why would shareholders want to do that? The exercise price should have been a lot higher considering TS's positive outlook for the company.
With respect, option holders are not shareholders and have no voting rights and simply a right to buy shares at a predetermined price at some time in the future. Options expire out of the money at times, that's the risk you take. It sort of sets a precedent now, OB holders could probably argue they should also get a similar deal, but it probably depends a lot on who holds them.
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