Ann: Amended Quarterly Activities/Appendix 5B Cash Flow Report, page-32

That "one big buyer" might have a big mate!! $300K up to .019!!!
Now, this is coming from a dyed in the wool optimist, me, so, could be 100% wrong!!
With the Options, here's a company that is on its last legs, desparete for cash and they issue Options that have an exercise price of 5 cents, five times more than the CR price!!!
What does that tell you, if they were so desperate for cash, wouldn't you think that they would be counting on getting more from the exercise of the options and with on such a tight time line???
It can reflect that Ray James still does not want to reduce shareholders' equity with "unnecessary" dilution!!!
Can't one reasonably deduce from that that Ray James is either being too cautious, or,is very confident??!!!
Optimists who are happy to punt on this penny dreadful, you'd reckon, would be just as happy to take a punt with the Options UNDER ONE CENT and a MD confident enough to put an exercise price of FIVE cents when he would be praying to have those options exercised?? Just saying.