We would not get anywhere near $5 if an acquisition done prior...

We would not get anywhere near $5 if an acquisition done prior to P2b results. Lucky to get 50c to maybe a $1 (even with Itsa voting against it).

We would be paying the acquirer a huge fee to take away the risk of P2b failure, let alone platform indications that are yet to be developed.

I hope our board (and ex-board) and management are totally in alignment with maxing shareholder value and not distracted by making a quick buck out of millions of options.

This is where Sam is coming from I believe.

Factors arguing against any conflict of interest are that most of the options are held with people who are no longer in the board room (and expire in Dec this year). JG’s 6.9 million options (at 7c exercise price!) only vest gradually over 4-5 years. CG hasn’t awarded herself any to my knowledge, bless her soul.

AF will do okay with a $1 takeover, netting about $3.5 mill (rough calc on 5.5 mill options already vested).