say you hold options from 2c and by the time june 30 arrives...

say you hold options from 2c and by the time june 30 arrives they are worthless in the sense they are not in the money.

If you have the view that the sp of MPO is destined for greatness, can you still exercise the options even though you will so at a loss.

If the above is true, then this will create dillution no matter what.

From what i can see a capital raising at this level will raise funds, but create undue dilution. If for arguments sake mpo is trading at 40c, then capital raising and options exercise will be far more beneficial.

a scenario to consider.

MPO needs 15 million to exploration activities.

At current price need to issue between 170 million shares at about 9c to raise the funds that are needed.

If the sp trades at say 40c here is what might happen

issue raise
10 million shares $4 million
20 million shares $8 million
30 million shares $12 million
40 million shares $16 million
50million shares $20 million
60 million shares $24 million
70 million shares $28 million
80 million shares $32 million

plus the options will be exercised at 10c (12 million dollars. So only need another 10 millions shares raised to have 15 million in the bank.

And only issuing 130 million shares instead of 170 million shares.

Any comments.