IMO this argument of stock dilution is moot.
Has anyone considered for a minute that the company had plans for this cash of $17m if all options were exercised in some kind of business plan.
Therefore, it stands to reason that if they expire that the company will just find another way to raise this $17m and thereby dilute the stock anyway. Most economical way of raising...yes a CR.
The other side of the argument is the treatment of the option holders which is separate to the above but also deserves merit.
Wooooo Hooooo Go BPH :)$$$$$$, page-33226
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