Don't feel too bad, PA, you might be a shareholder in Palermo,...

Don't feel too bad, PA, you might be a shareholder in Palermo, he's been around PNO for a very long time.
Regarding the options, presumably, these are necessary to attract capital in a market where there is resistance to rank specs.
PNO has been out there pushing its barrow, down streets broad and narrow, with not much result for years, when you are down to your last few dollars you have to give stuff away to get anyone to back you - it's got to be too good to be true, and it probably is.