Well the advantage is that if the 10c oppies come into the money, it will net over $7 million for the company.
So that is a good thing. The main holders of those options are directors and original shareholders from the float or people who have bought the oppies on market.
They are not a gift. The subscribers would have to pay 0.001 for them and the strike price is 120% out of the money, but the strike price is more realistic than the original 25c options.
I think that it is in the best interests of the company to issue these options, not only to secure potential future capital, but also as a means of not allowing FAS to be taken over too cheaply.
All in all whether one holds options or not, it is good for the company IMO. It also might spark some buying into the heads as options holders want to secure votes for the resolution.
FAS Price at posting:
4.4¢ Sentiment: Buy Disclosure: Held
