"So he's doesn't expect the SP to hit $0.176 by June 2028"
If it only hits that in June 2028 then he makes no money. $0.176 - $0.176 = Zero. Here no profits, chop!
This might be a difficult concept for you to grasp, but the idea of options is to have them go in the money quickly to incentivise employees to stay until they vest.
CYP Price at posting:
12.5¢ Sentiment: Buy Disclosure: Held
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