“The $4 25 exercise price options don't cost Dr T $4.25 each.They cost him only 19c each. That price was fixed for remuneration purposes when the options were first awarded.”
Do you mean the options cost 19c for the company? How can it be a cost to Dr.T? Sorry, I don’t understand.
We all agree it will cost $4.25 to Dr.T to exercise.
Ann: Quarterly Activity Report & Appendix 4C, page-85
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