my thoughts on the latest ann re options, page-5

Good post Achan

My quibble is that the 250 million options that are to go to MCL's clients should in fact go to existing shareholders so there is in effect less dilution for each existing shareholder. I guess to some extent the counter to this argument is that existing shareholders may be able to buy MHLO at 0.2 cents or less on market for a while after they have been issued.

In relation to options for existing management, I think they should be performance based options that can not be sold for some years and I have no problem with an even larger quantity being issued to them.

loki