lol the option is not worth 60 cents when the share price is...

lol

the option is not worth 60 cents when the share price is worth 90 cents

for example, if the market cap goes to $300M or share price of $2.20, the option will be worth $1.00. The shares bought at 90 cents will profit 144% and the options bought at 60 cents will profit 67%

Due to risk, options should profit much more.

If the option was worth 45 cents, the option profit at $2.20 share price would be 122%.

The option is probably currently worth 30 cents.

Therefore, the current entitlement is valued at around 75 cents per share, exactly what I predicted the last time I posted here.