I see this issue of options as a rough guide by Cannacord as to an expected price by 2024. The conversion is given as 90c by 2024. IMO it is likely that Cannacord would be looking at a profit of more than 50% (absolutely conservative) by that time so their expectation would be better than $1.35 a share by 2024. Does not get me out of the red but now that there is a corporate advisor pushing to extract some value from the deal things might be honed and hurried along a little faster than they have. It also broadens the scope with an extra pair of eyes sifting thru the accounts and snooping around the same market now and then when reviewing.
MIL Price at posting:
61.0¢ Sentiment: None Disclosure: Held
