Ann: Consolidation/Split - XPE, page-9

Unless I am reading the document incorrectly then Consolidation is June 1st.
Which means that future placement shares will be organised after and the directors get their 20% discount fill without having to go through this bullshit.

So far we have

June 1st - Consolidation
<-
June 19th - Bonus options offer cutoff
<-

Now which arrow will signal the Future Placement Shares?

If the first one directors avoid consolidation AND get 20% discount on shares AND get the bonus options
If the second one directors avoid consolidation AND get 20% discount on shares

Both options suck.

My biggest question is.....why is the bonus options offer cutoff not June 1st? If it really is a reward for the "support" we have given and having to go through a consolidation then should be June 1st.