I wish people would not refer to these as "free" options....this is a package, there is a "cost" associated.
Even if you don't exercise the initial option, there is a cost as you have been diluted.
Notwithstanding I think its a constructive way to raise capital, giving existing shareholders the benefit.
Ann: Bonus Options Prospectus, page-15
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$1.50 |
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| Price($) | Vol. | No. |
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