33 days to go until the bonus options expire.
It's inevitable that, despite the clear financial incentive for holders to exercise, they won't all be exercised.
Ignorance + apathy = big
It would be very easy to underwrite the inevitable shortfall.
But RAC has yet to say anything about underwriting the inevitable shortfall.
There's only one way in which piggies are created.
It's by exercising a bonus option.
Whatever decision RAC takes about underwriting the bonus options will have implications for the number of piggies on issue and funding in 2026 for the second solid cancer trial, not to mention funding the AML trial now.
Race options thread, page-823
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