There is a problem here. SOMEONE has an option to buy ~10% of the company or 50m shares @ 5c!!!
Who is this entity? Who are these 'subunderwriters'?? Have i read this correctly? Does it not say that in the event that all options are exercised then another 50m shares will be issued to subunderwriters?
To me that does not sound like a good thing for current holders. Get ready for a hijack.
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Mkt cap ! $2.194M | |||
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