re: underwriting agreement I'd prefer to see an announcement that, firstly, highlights that tox would try to find the owners of the 3.5m options, and secondly, any left over would be allocated to key employees, as proposed. I've seen before where shareholders, for whatever reason, were not as available as they should have been at an important time. Companies should realise that every option-holder has 'backed' their company with some hard earned, even more so than shareholders, as option holders, in most cases, are part of a capital raising.
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