Ann: Notice of General Meeting/Proxy Form, page-5

and only 2c strike price.

it would follow that the minimal cost price for anyone who will initially hold the new options will be the .001 on market today, plus the .002 = 0.003

i would say with a 2c strike march 2021, with the shares at 0.008/9 that .002/3 would be fair market value imo.

So for mine, it seems like its an offer to buy at fair value new option. (with a strong floor with everyone having a cost basis of .003 or more)

The question is, at 19 april, closing date, where will the heads be ? if they are rising with revenues, etc, then the heads might be worth a lot more. It seems to me, a decent punt, that at .001, (with option to pay the extra .002 19 APril, a look in at where the heads are traveling) .

It would also be difficult to buy on market for under .003 given the cost basis of holders, unless the heads get a significant knee capping.  But hard to see that unfolding given the positive developments.

All imo, not investment advice.

Interesting times.