Well, No, actually.
I calculated the current MC as well as the fully diluted Performance Shares version.
Irrespective of the current market in IAMOA or the restricted, there can be little doubt any of these options will not be converted. Likewise MF's 37.5M are issued equity, irrespective of the fact they are restricted still for another 20 mths odd.
So, based on those figures, 0.08 = ~$120M MC.
Ann: Intiger Commences Pilot and Partnership Program, page-1354
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