One thing I do know is that all the options that were previously issued are now useless unless the heads share price goes a fair bit above 1 cent and the owner converts them themselves.
Who is going to buy an option that has a strike price of 1 cent and expires in August 2021 when they can buy one that has a strike price of .8 cents with an expiry date of Feb 2022. Bit of a shame for all those who supported the company with their cash earlier.
Lets just hope that this thing does actually take off and everyone gets the chance to convert.
GLTAH.
Ann: Shortfall Notification, page-97
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