Ann: German Health-Economic Evaluation and Update on COPD Study, page-103

TT good points about why he does not exercise his option by 2/07/20
He only needs to purchase his .025c being 5 million and 5 million at .05c and then he has purchased 10m shares at 3.75 c.
Even if he sold these 10m shares at 16c his profit would be12.25c x10m =$1,225,000.
Yep he will need topay tax at 45% but what would he achieved.
1. Sh holders are encouraged that TK has skin in the game.
2. TK buys it in his SMSF and still makes a huge profit.
Everybody is happy.
He could be worried about being called a "dumper".