Probably the important fact in the FAS situation was their were only 5mil odd FASO on issue, replaced on a 1:1 basis with FASOA.
However their were 743mil odd FAS, entitled 1:5, so the lions share of new options were given to fully paid holders.
They raised only $166k and needed to deduct raising fee of 42k from that :(
notice received., page-83
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