Hi SDJ, there are currently 100m options out there and when exercised at 0.15c will equate to $15m in the bank for WFL. Do you not think this will be enough for future expansion of the company?
Your scenario of 400m shares on the registry would mean that the company needs substantially more than $15m to get where it needs to be in the future.
Sure, I've averaged down plenty over the years, but can't say that I'd be pleased with another 100% dilution.
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