if there is really is a long line of existing investors willing...

if there is really is a long line of existing investors willing and able to take up any bonus options shortfall, and since the bonus + piggy back options are meant to reward the loyalty of existing shareholders, may I suggest the following criteria for selecting how to allocate any shortfall:

1. never sold a share over the pass 12 months;
2. Amount bought on market over the past 12 months
3. whether bonus options were converted early - how early and number of options.

@Davisite - Also, if Race hits the minimum 75% take up needed to fund proposed programs, will that mean Race will no longer re-allocate the short fall of up to 25%. I would recommend not raising a dollar more than needed (to avoid extra dilution), unless the re-allocation of bonus options shortfall is to further reward any loyal shareholders wanting additional options.