Ann: Appendix 3B, page-31

I agree. obviously management want the 20.4 mil in the bank as of April 2016. in order to do that they not only have to keep the SP above the strike, but create enough demand for the stock once exercised. 68 mill is a lot of stock for the market to soak up. all in the next 6 or so months.

The stock must be converted and sold or converted and held or the options will expire worthless. I would think with the experience management have in this space, that they are confident that they can produce the results where demand for LOM increases and either of these 2 positive scenarios play out without the SP falling through the floor and share holders regretting the decision to be involved with the company.

the alternative is that it is a great way for a company to get enough exposure to LOM to potentially aquire it outright. My understanding is that there is no requirement to disclose who holds the options. So they may buy as many options as they like, exercise them and potentially become a majority share holder all under the cover of darkness. Additionally if taking over LOM is a possibility, they get a company with at least 20 mil in the bank.