If they take a few days longer and lose the vesting condition , the board should not be concerned ….We will vote to give them 260 Million shares at 0.78 cents …surely much better than options at 2 cents PLUS 130 M options at 2 cents …..similar to those currently on offer to shareholders at slightly higher price of 0.8:cents in the current entitlement Total potential 390 Million shares to the board …
And any cancellation is only for half of their options …..And then on top of that they have the same current opportunity as all other shareholders to take up more in the upcoming 1 for 20 issue at 0.8 cents with half a free option at 2 cents …
So it really isn’t going to be a problem for them to stay fully incentivised and at a lower price than 2 cents for the options that will fall away if they don’t raise $13 Million..
i look forward though to them raising $13 M and having option to get both their options vested and to take up their placement …..
That would make everyone happy…
As said before, only the board know when to hold em and know when to foldem
Be great to have our interests aligned and get behind them….
KPO Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
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