Wow! That is a truckload and then some! Nearly 30% of all the options giving them over $1m if my quick back of the envelope calcs are correct. Will be interesting to see if that puts a dent into the liquidity of the options. No wonder the registry is not sure when the next conversion will be. Plus with the next announcement, I calculate that to be over $1m too so an extra $2m+ for the company.
Ann: Appendix 2A, page-2
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