If someone purchase $20000 of shares would receive 83333 options
So in 2 years ….IF…..IF heads are 60c
then you have $50 k to take or leave
Will cost you $15k to convert for a $35k profit
All up will be $20k +$15k =$35k for a gain of 166.666shares plus 83.333 options =249,999
So 250,000 x 0.60 $150,000
A NET profit of $115,000
Thats only if we up and running and the SP hit 60c
All in my not professional opinion
Ann: Letter to Eligible Shareholders, page-2
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