I would say they are identical because it is still subject to shareholder approval. Yes, they must be optimistic....it would seem.
Not to mention the 1c conversion rate. So if they re list with $150m in debt funding plus acquisition of a number of farms / cattle / revenue potential - what price does the market value the company at ? At a princely 3c he will earn 100% interest on his “loan”. Great deal if you ask me....