CRW 0.00% $1.13 cashrewards limited

Just checked the 2020 financial report, there're 27,897,899...

  1. 54 Posts.
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    Just checked the 2020 financial report, there're 27,897,899 outstanding options, average exercise price about 10c. And the last batch of options were granted 25/05/20 with a fair value only at 9c.

    I am new to the IPO stock, so is this normal? If all options exercised which will present $55M and the Marcket cap is only at $160M!??
 
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Currently unlisted public company.

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