Ann: Revised Notice of General Meeting/Proxy Form, page-26

much better at .001, is then cost listing imo at fair market value of equivalent .002 (V heads at .007/8/9)

Buying with the assumption on shareholder approval - the later strike conversion at 2c is a win win for everyone.

Leverage.  If it comes in with revenues / growth, would imo scream past the 2c conversion.  The bags on cost price of 0.2c, if say this goes to even

4c = 2c opps = 10x, Vs heads 6x (0.7c)
6c = 4c opps = 20x, Vs heads  9x (0.7c)
8c = 6c opps = 30x, Vs heads 11x (0.7c)