Those 29m PNCO options

Now that the PNC share price is approaching the 80 cent exercise price of the PNCO options it is well proper and appropriate to examine the possible ramifications.
What should the PNC MD pay to a global investment bank to underwrite the conversion of the 29m PNCOs into additional ordinary capital of $23m?
A big fee ......or a little fee?
What does this infusion of cash do for PNC after tax profits given that the IRR on recent PDP purchases has been 30% +
And in turn what impact does this infusion of profit generating capital have on the prospects for a settlement with PwC?
Given the pre-eminence enjoyed by PNC in the industry it must now be assumed that PNC will be around forever. So, that claim in negligence gets added currency ......doesn't it.
And which investment banks could the PNC MD approach? Barrenjoey ? Goldman Sachs ... it's a rich list that could be scrambling for the role .....I mean moving and moving with increasing urgency.... as they see the PNC share price climbing and their prospective underwriting fee diminishing.
With the involvement of a global bank as PNCO underwriter it's a hop, skip and a jump to $1.00 per PNC share.
Watch.