Malcolm,
The key is (e). When the options are exercised they will raise 1.2m in cabbage providing she exercises them all. If the company gets taken out then she would exercise the options if they exceed the 6c strike price.
Great posts lately - very informative. Thanks to Dknow for his research.
Cheers
BF
Malcolm,The key is (e). When the options are exercised they will...
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