Ann: Options Offer to Existing Listed Option Holders, page-31

I see this as good news. It's similar to, as if they had told us:
The options, won't expire this month, are extended to 2026 with a conversation rate 5 cents less, at 15 cents instead of 20 cents. And you pay 0.5 cents per option for this privilege.
Before this announcement, I was seeing my options this month expiring and wasted with no return. Now, they will continue as the new options and can be converted for 5 cents less per share than previously.
I'm comfortable taking part at my full allocation. If they can't achieve a market price of 17 cents or more by end 2026, it would mean MPL doesn't work, ad that's unlikely! This extension hopefully provides enough time for commercial results to be achieved and the options to finally deliver.