I discovered what options were all about like this myself years ago now, as it certainly is a bit confusing to understand when discovering the first time, but the more you take these offers up and subsequently convert you understand easily. It really can be a good incentive to increase your holding over time... if the SP's trajectory heads north of course. Which unfortunately since the last substantial raise 2 years ago, MCT is right back where we started and raising funds again. But we have dug alot more holes mind you! Let's all hope the only way is up from here...