Ann: Bonus Options Offer - Shortfall, page-86

I don't think those that took up the option are looking at 4c (i.e. 2c before consolidation), they've bought way higher than that before the consolidation (around 3-4c), they are looking at more than 8c for them to get real value from the option, allowing them to double their money from the options but only costing them very little to participate.

In a sense, this allows them to average down (by at most 50%) with minimal risk instead of buying now and averaging down which is very huge risk right now (in particular given the CN still has 1-2 dumps left next month), however, this does means XPE needs to attract new buyers to push the pps which isn't happening currently and so the CN dumps has crashed it to these low values.

The only thing management can currently control is their cash flow (i.e in particular the director's salaries) which is totally out of alignment from their current MC and how the market values them to re-gain confidence, then work on getting more revenues to build the company's value and pps.