options exercisable at .0213 now, page-9

OK Ill try an example...

Lets say GPN hit 1.2c for some dumb reason and the company proposes a restructure of 1 for 100

your 1.2c share is now worth $1.2 and the options are now excersisable at $2.13 not 2.13c

Now in both examples the share price has to nearly double for the options to be in the money so where does this leave the options......

probably only .2c IN BOTH EXAMPLES due to the fact that they are so far out of the money.

its gonna be a lot harder for the shares to go from $1.2 to $2.13 than from 1.2c to 2.13c. Stupid and makes absolutely no sense in a fundamental way but it will work that way.

......now lets say they get the share price to around 4 cents and everyone cashes their options the company is gonna have, i dont know, 10-12 million in cash (might be wrong) and then if they did a 1 for 100 after this the share price would be $4 not $1.2 from previous example

Hmm a $4 company $60-70M market cap with $10M cash with a share in a speccie Uranium + Vanadium project and 100% owned gold project in Peak Hill......It can start doing placements and issue shares once it has reached this stage. It can issue just 250000 shares at $4 to raise $1M instead of 100M shares at 1c to raise $1M

Now this is exactly the same company before but will be percieved by the market completely differently

NOTE: the figures in the above example are for simplicity only

Long story short - "Restructuring before the options cash in is a BAD move, restructuring after oppies cash in is a GOOD move"