Ann: EUR Merger with NASDAQ Corp - Equity Consideration US$750m, page-268

My gosh, so much misinformation.

Evolution Capital exercised their options. They didn't sell it. That is good for EUR. It means $2.25M straight into EUR coffers.

A lot of 708 investors just dump options by selling them to other investors, often in the open market to retail investors. If and when they are exercised is a good thing, not a bad thing. It means they are actually worth something as opposed to being worth nothing (many options are just left to expire).

Evolution Capital was paid for services via option shares. The fact that they agreed to this speaks volumes. Their company need cashflow, just as any business need. Cashflow is king in business. Evolution Capital exercising options and then selling shares straight away, has got nothing to do with EUR's viability as a business. It has everything to do with Evolution Capital's cashflow - they're only in this to get paid for their services. They have no interest whether or not Wolfsberg project gets to production.

It is not too dissimilar to consultants and directors being paid in shares with a vesting period - consultants and directors are incentivised to act in the best interest of the company by ensuring their payment in shares is in the future, as consultants and directors often will just sell shares (basically their income) once the vesting period is completed. Options are used for much the same incentives as it's a great way to pay for services without having cash upfront to pay for said services, while at the same time allows for cash injection.

Shorters are out in force. It's quite amusing. Most likely panicking because they know as much as I do, time is ticking against them. Tick. Freaking. Tock.

I'm back because I'm loving the panic.