This is a solid outcome given the position the company was in. The $2.50 example is irrelevant IMO, if we didn't hit that low at the peak of a pandemic with no secure funding what makes you think it will happen now? Also, if the price is likely to tank wouldn't Mercer push for a lower strike price than $10 for the 150,000 options? As for the $16.5M .... as stated above, WP & co can only get it with shareholder approval which presumably would require some progress in operations and justification for expenditure.
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