The $2mil isn't redundant. Only redundant if those who buy then don't exercise.
Also with a strike of 3c I honestly find it hard to think anyone will by for .005c at current prices.
Pay for those options then to be worth it the pm1 price would need to be 3.5c.
We are on the same team here. Just different opinions
PM1 Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
