Mate, I have been a long time lurker and holder, and often your...

Mate, I have been a long time lurker and holder, and often your posts are valuable and informative. This theory though is completely nonsensical.

You do realise if the $10m isn't raised through option execution, they will need to do another cap raising which will have the same dilution outcome, with the added negative of impacting market sentiment. The market currently reflects the potential dilution in the share price and takes the options into account. It doesn't reflect a new cap raising and dilution. This is not, in any possible scenario, the desired outcome. Let it go.