yes something built into the options would make good business sense IMHO ...less disgruntled SH's the better.
For example, what if option holders and share holders had the option of buying one share + 1 new option free with participation in the cap-raising.
Perhaps it could be structured so that the shareholders got a bit more value than the option holders to allow for the increased risk of the shareholders.
Recently GBZ allowed holders of it's expried options to purchase new options for a nominal fee. Now trading at 3x that fee.
This would help raise some cash, and also spread the joy around a little.
I hope the company is busy thinking outside that little box.
I notice that someone bought 500,000 oppies today ...I hope they know something that I curently don't.
Cheers,
John S.
IMHOMLHO
MHL Price at posting:
0.5¢ Sentiment: None Disclosure: Held