Whatever.
The value an option is selling at in comparison to current SP matters not to XPE. They receive 1.5c for each option exercised.
If they issue 300million options at 1.5c then they expect to receive 4.5million dollars.
Pricing it so low guarantees they will ALL be exercised.
The problem here I believe is they priced them so low. 3c would have been alot better. Half the dilution or twice the capital raised. Maybe 4c or 5c. Managements call.
Either way it is management's job to decide these things and it is our job to observe and judge there performance. The score we give them is reflected in the SP.
The dilution sucks big time. Everytime I see a notice outlining the million of options exercised I cringe.....
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