I cannot tell if these are real questions. I will answer them....

I cannot tell if these are real questions. I will answer them. Let me know if you prefer to be left blissfully ignorant.

Peloton takes 6% for their services. this is standard. That is the $600k DRO is paying for access the to the $9m. Read the doc.

So DRO is diluting at 11.75c a share after costs. plus the cost of options, so say 11.5c a share.

Peloton wants the money AND the options. It is industry standard to make the strike around double the raise price. 12.5c raise 25c strike. 3 years with the implied vol on a stock like this that is nothing. It IPO'ed at 20c 3-4 years ago. Hardly bullish at all. Not bearish either. Just standard.

In fact last year Peloton was given options at 40c strike. Using your logic did that portend DRO share price dropping 50% since then? Is the delta bearish?

The same is true for directors. They have lapsed options at high strikes. Read the annual report. Setting a high strike did not make it more likely to happen.