LPD 50.0% 0.2¢ lepidico ltd

As you also need to take into account purchase price, does that...

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    As you also need to take into account purchase price, does that mean the SP would need to be minimum 4.5c if the options were purchased for 1c? Or is the original 1c payment included in the 3.5c when converting (kind of like a down payment)? I think it's the former but not really sure.
 
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