You can’t not fully dilute with the options expiring in April 19 and a .005c strike price (one quarter of where you are now). That’s 1.6b more. If it were to go to 10c there would be about another 400m as well (including the 1.5c convertible note). So that’s 4.8b shares now. At 10c that’s 480m cap
South 32, page-25
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