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    Was wondering if I could ask a question. I don't know too much about options.

    Just for argument's sake, we had options issued at 1c and the exercise was 10c.

    Person A gets the original issue at 1c. So, he need to tip in 9c to exercise?

    Person B buys on market at 4c. Does person B have to tip in 9c or 6c to exercise? I assume its 6c.

 
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