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Chris no one even knows what the scenario is so its hard to have much conviction. Personally my impression is they need the options money and and will come up with some trick. It seems a bit late for an underwrite though. It would be sort of an emergency underwrite. Perhaps they could announce a back up plan for if the options aren't exercised. (fine line I guess). Ideally though they would give details of cost to complete, real life timing, expected operating costs and funding plan/progress. Even part of that could push the stock up and multiply current options prices several times.

If anyone watches Boss, remember when Major Kane was told by his advisors that if he ever had something in reserve, he needed to bring it right now. We're getting close to that point. Kane's solution was incredibly ruthless. Wonder what we'll get here.