Interesting when you look into the upcoming Shareholders Meeting on 27th July. Take for instance the Resolution 4. which seeks approval for an additional 100 million .008 cent Options for various Employee's and service contracts as seen fit for allocation by the Directors.
And my opinion is that it is this resolution which sets the ' Framework ' for the more immediate directions for the current Share Price......
Resolution 4 - seeks Shareholder approval for the Company to issue up to100,000,000 Options to employees, consultants, service providers and others (ortheir nominee/s) who have provided services to the Company.
(d) the Options will be issued to employees, consultants, service providersand others (or their nominee/s) who have provided services to the Company, whoare not related parties of the Company. The recipients will be issued the Optionsat a price of 0.002 cents each, with the allocation to be made at the discretionof the Board of directors;
The exercise price for these .002 cent priced issued Options will be the same as the Placement Options with a conversion price of .008 cents.
So why would Employees , Consultants , and service providers want to pay .002 for a .008 cent Option , if they didn't feel as though the Options conversion price was attainable in the near term. So it's like saying right now to Investor's .....why would you NOT buy the ' Traded ' Options right now for .001 cents when you know it has to go to at least 1 cent before you make
ONLY 10% Profit. ( if you convert ) . So wouldn't it be actually cheaper for these ' Service Providers ' to BUY the .008 cent options ' On Market ' for .001 .....
And we know that if we BUY the heads even at .003 and the Stock Price goes to 1.0 cents you make even more than buying the .001 cent options and having to pay a further .008 cents to convert them. What an absolute ' screamer ' of an Arbitrage Play.
So the Heads in this instance are actually Options as well .....as you make make 333% return as the stock rises from .003 to 1 cents. With the Options you obviously don't have to convert until September 30 2022 - so the ' Early Mover ' money is still currently available for a 1000% return as the SBRO's rise from .001 to 1.0 .
However sadly for these Employee's , Consultants , and other service providers they do not enjoy this privilege.......
