Ann: Prospectus - Bonus Options, page-48

you got free options... not free shares...

and no.. it doesnt get converted into shares come Nov 2024

You now basically have the RIGHT (but not obliged) to buy 6667 shares at a price of 25cents before 2.11.2024... If you do decide to exercise your right to buy.. you will need commit $1,666.75 in order for you to CONVERT your options into shares. This money you commit goes to CPH directly as part of their working capital.

The shares is worth 13-14c cents now.. it would be foolish to exercise your right now. (why commit 25c a share now when you can pick it up on the market for 13-14c)..

but if the share price is 50 cents next week.. you can exercise your right to buy 6667 shares at 25c (Committing $1,666.75).. and then selling the 6667 shares at the current price of 50cents on market (getting back $3,333.50)..... voila.. 100% profit...