Management have plenty of skin in the game so their interests are aligned with shareholder interests. I think its great to see them put the request out to option holders as a first option. A lot of other management teams would go off and do a quick raise to sophs at a discount as their first choice without a second thought for the holders who have a lot of options which are due to be converted in the next few months.
In the end, if option holders don't take up the request then they can look at other solutions.. maybe slowing the drilling program down or doing a CR etc.. but at least they have given us the opportunity. It looks like the priority is to keep the foot on the gas while limiting dilution as much as possible.. what's not to like about a management team with that attitude.
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