Only the Sophisticated investors who applied to take up this cap...

Only the Sophisticated investors who applied to take up this cap raise offer get the 50c options.... other shareholders (eg; most of us) are excluded from the offer.... and as a note the 'options' are like a different 'share' in itself.... it's like you have a separate investment in MKR (eg; you have been given the 'option' to buy another share in MKR at 50c.... and you have until March 2023 to decide whether of not you want to exercise that option - to do so would require you to pay MKR 50c for each of the options you want to exercise). At that point in time the option you excerise becomes a standard MKR share like everyone elses.