Wow that would be incredible if they did take up the Options. The options are to buy 4.75m shares at 10c = $475,000 in costs. They could buy them for a lot less at market price of say 7c share, they could buy them for about $340,000 and save themselves $135k. Admittedly that volume of buying would push the price up.
I can't see it happening. It would be a huge statement of confidence if it did. I wouldn't be doing it unless as a Director I was very very confident that PASS Contracts were going to be announced and sooner rather than later.
Just coming up with $475k is a big ask on it's own. But we'll see, I hope I'm wrong.
