The options have been there since RYG, long ago when XPED was nothing to do with this ASX listing.
So they were always known about and in theory accounted for when valuing the share price / company.
They were just 'there', not much anyone could do about it.
And besides, great leverage for those who got in early to put a tiny down payment for the eventual huge parcel of shares they got out of it.
Ann: Appendix 4C - quarterly-XPE.AX, page-31
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