Unfortunately true for holders.
0.02 with one for two free attaching option with strike of 0.04 and 2 year expiry.
For existing holders it is offered on a 2.5 for every 1 share held basis.
I'm a soph and it's being offered as a sub underwriting deal, with a 2% payment for participating.
To be honest it seems a bit desperate to me, so still considering whether the risk/reward ratio is worth it. Also not sure yet what the minimum investment is for the sub underwriting deal. If it's $50k or more I'll avoid. Too risky.
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