If you look at the prospectus from February, which was for ONE option for a cost of 1c issued to one invited party, there was a further provision that "15,000,000New Options will be issued without a prospectus to the unrelated Corporate Advisers (or nominees) for corporate advisory services to be provided.". At current GGGOB price around 1c this represents $150,000 odd in value for the unnamed future services by the unnamed Corporate Advisers. The shares obviously need to be "in the money" (I.e. more than 8c) for the Corporate Adviser to make any further money by exercising. (although the options value may rise in the iterim if our share price rise. Seems like a fair deal in order to keep 150k in the bank.
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1 | 100000 | 0.023 |
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