You also need to consider the massive dilution …28,000,000 new shares at a low low 75 cents a share DVP is going to be hit with on just 2 of the several tranches of options.
It really is a crap deal for ESS holders at the offer as pitched.
ESS holders would effectively be selling low and buying ultra high
Ann: DVP: DVP & ESS Transformational Transaction, page-177
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