What if the exercise price was 0.18 cents Johno. They would have hardly any negative value for existing shareholders would they Johno? You could say I suppose the market cap will go up if they are exercised. Of course it will! Not a problem tho, you've already got a 10 bagger and you get to raise money up there, nice!!
The negative value of options for shareholders depends on the strike and maturity. Here they are way out of the money. Think of it this way. If you bought the company now, you would pay $28m plus another $1.5m for the options. You cancel the options that's it. You've paid $28m for the company.
AKK Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
