This is cheaper than I thought as the Options have a strike price of 25c
18,815,000 x .25c = $4.7m when converted
11,600,000 options at 25c strike = $2.9m when converted
Current $2.9m cash on hand
68m fully diluted @ 27c = $18.3m cap less $10.5m cash if all oppies in the money = EV of just $7.8m
Wow
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