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clock Created with Sketch. 30/05/24
17:05
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Originally posted by MoneymanMaz:
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Interesting announcement, not sure how I feel about all this Jetosea stuff. There are already 170 million options to be converted, some of which are already in the money and some which won't be in the money until 10c. My concern is that with 590 million SOI already, by the time these options potentially get converted + the 60 million that we're just throwing at Jetosea as part of the next equity placement to say thanks for extending the loan, this puts us at 820 million SOI. What happens if old mate Charles just converts all his options when they're in the money and dumps them for an easy profit and the rest of us peasant retail holders get nothing for our money because the price is forced down? Perhaps there's a takeover coming and the company has no intention of actually having to pay back the loan to Jetosea at all while half these options are out of the money and it's a win for everyone?
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It's a bit good bit meh, but the main thing is that they are pretty smart money and not here for no reason. They likely have an optimistic view like us about the copper situation resulting in this being brought online, with their bets hedged no matter what.
