Thanks, Rod. It's quality not quantity of friends that matters.
You are probably right about there being better targets, but I find Burntgamber's argument re indication of JV (ROFL) timing pretty compelling. A company just doesn't print 100m of junk options if a company making deal is just around the corner. There will be a lot of disappointed holders very shortly, IMO.
What I find funny about today's announcement is that PL/ Genorah seem to be sure of how much more money they want to raise (100m x 3c= $3m,) but they haven't quite got around to figuring out the details of the offer!
I wouldn't be at all surprised if the number of new options offered blows out significantly when they come to deciding how many options will be offered to share and option holders.
"In Rod we trust." NB, 2011
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