Ann: Consolidation/Split - RR1, page-7

can someone confirm my numbers, because I cant believe my calculations/understanding is correct.

I have 400000 RR01 options that will cost me $4000 to convert if i chose to do so in May.

But now i can get a 1 for 1 on those options at .0002. So 400000 x .0002 = $80 and i will now have 400000 of the new options with 3 years until conversion date.

If i chose to convert them in 3 years it will be 400000 x .003 = $1200.

So I have been given a 3 year extension for $80 and then a $2800 discount on converting them??

Hope I'm right.