Ann: Letter to Listed Option Holders, page-184

How so exactly? Imagine a hypothetical scenario where the pollies weren't duplicitous self serving fill in the blank. Holders of exclusively heads bought them knowing that options exist and have the potential to be exercised and would be given the right conditions, which I'm going to go out on a limb and say would have and the buyers were fine with this reality. This would effectively just continue the status quo, sure you could equally paint a scenario where hip hip hooray the options go away and you don't get dilution insert stonks gif but that simply isn't true. The OC options exist and future raises, entitlements, milestones rewards and options will be allocated in the future at similar levels. So sure you're right to some degree but you ignore the fact the current options will bring in funding and act like maintaining the status quo is being "shafted" if thats the mentality why would a holder have bought in the first place.. unless you're some 4D chess god who planned and bought around this scenario