Further to my previous post, is this scenario possible?All but...

Further to my previous post, is this scenario possible?

All but 2,000,000 options are taken up.
Cygnet pay $400,000 to take up left over options.
Cygnet receive 2,150,000 FPO's plus cash back $290,887.82 (6% of $4,848,130.40) effectively making the deal - 2,150,000 FPO's for $109,112.18 @ 5c per share.

What happens if Cygnet only have to take up 1,000,000 options?

1,150,000 FPO's @ 0c per share & $90,887.82 or if you like Cygnet get paid 8c for taking every one of those 1,150,000 KDR shares off KDR's hands.
OH MY GOODNESS!?!? Please, tell me this is not right.

Are we all sure this Underwriting Agreement is in the best interests of all shareholders???

I sincerely hope one of the company Directors come on HC to explain how I have completely misunderstood this Option Underwriting Agreement.