Hi vagabondo,
If you are to read the relase properly you would find out that what you have said is baseless.
RC does not have to pay 22 cents per option/share at the time of conversion. He will only have to pay a little more than 11 cents per share and he will have at least 3.5 years to get them to the price of the exercise rate and time for the first lot, and 5.5 years for the other two.
He will only pay the balance of 9 cents per share when he exercise them. So, IMO and the way I see it, the options are practically and already in the money.
I am convinced that even if RC was to have asked for 50% of the company, you would have been extremely happy to agree to it, and allow him to have it roflmao.
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