underwriting agreement, page-27

So if the current holders of the PXGO exercise their total amount Patto get nothing?

That's correct.


What we should be focussing on is the fact that someone see's huge potential in PXG and want to be part of it. Long term everyone will be happy. Onwards and upwards!


The deal doesn't say anything of the sort.

At today's prices pats get the share for 19 cents and can sell at 29 cents for a profit of 52%.

They see 52% for doing nothing. And it costs the company 5%. The company would have been better off allowing overs.