IMU 0.00% 6.7¢ imugene limited

Ann: CEO and Managing Director increases shareholding in Imugene, page-145

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    "Shareholders will receive a decent proportion, usually in vicinity of 70_80%, of any upfront payment and subsequent milestone payments.
    Option holders will not."

    Can you elaborate on this?

    I would imagine option holders (of an ITM call like this) would have access to every benefit a shareholder does (bar voting rights) by design? Surely holders like ourselves would simply exercise on any such positive announcement. Perhaps there'd be a timeliness factor but short of that i'm curious to know more about what scenario you're describing
 
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