options exercisable at .0213 now, page-6

what I am trying to say is it seems better to me to get the money from options because the main reason people will cash in the options is so they can get a full paid share at less than the market price for the share. So shareholders are already winning.

The company could always issue more shares to outsiders at a pathetically cheap prices such at less than half what they are on the market which not only dilutes the holding percentage of existing holders but forces the prices down closer to that level.

They could restructure and try and issure more shares at the new price to try hold it there but nearly time this happens they just drift down back to where they before. Bloody ERG and heaps of others have done this.

What I meant by hurting the shareholders is specific ways of raising money that hurt shareholders eg restructure. I didnt mean that any other method other than through options is detrimental. I was specifically referring to a restructure especially where options is concerned.

gpn options are now .3c the next step up is .4c
if they restructure 1 for 10 every .1 of a cent is now equivalent to 1c and you have effectively lost some leverage.

and you may be able to explain this in many ways and have different opinions but history shows that most holders of penny dreadful stocks dont benefit from a restructure and get burned. Even more so when holding options.

Hopefully someone can explain this better than me as it make sense in my head but I cant find right words to explain it.

In recent history you may have seen copper co "CUO" shareholders, who have over a billion on issue, REJECT a restructure motion by the directors

at least if the options are cashed in it removes that avenue for more shares to issued causing dilution. If they issure more shares through other means to get money there is dilution and the options are still on issue which if excersided caused even more dilution.

if all shareholders had the same proportion of options to shares and all were cashed there isnt really a dilution in % terms if you get me as you would still have the same % of the compny. If they just issued more shares to anybody your % becomes diluted.

sorry I cant explain it better - but I am damn sure it definately in the best interest of the company and shareholders to get a cash injection from options and not through other means.

this is hard work....some help me out :)