My thoughts too.
Essentially, what it seems to me that they've done is provided current shareholders with $15K worth of options at 50c that can be exercised between now and 26 April in the event that they get manufacturing license from the odc (and that this causes a spike in SP).
I'm not going to complain about that and it would appear to benefit retail holders because 15K is nothing to institutional holders. I suppose this also would mean that cash injected from current holders during any SP rise post-licence would go directly to the kitty instead of the SP, which is probably preferable to them at the moment. It also would seem to encourage current holders to invest more on a rise instead of just sit and enjoy said rise.
So, I guess upon reflection, not necessarily a bad strategic move but one I haven't seen in the past. I still would have liked some info on what they'd like to use the money on.
Let's see how it plays out .
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