Ann: EDEO Option Exercise, page-11

Well we know the max amount they can issue is around 68mill units.

The following is the max $$ available at the price.



I wonder if BOD have actually ever thought about selling some of Noble's stock to fund the $$$ needed to convert the rest. Surely having a 40% stake is good enough, even if it were to drop to 38% would it really matter. Between Noble, the directors and no doubt family/friends who hold EDE they would all combined still have a holding of 50%+

Unless there is a good sweetener for s/h, I can't see myself adding more $$$ to the kitty. S/H have for to long now just added funds to TAS in payment for Noble to convert its options, directors to be paid and little else. I wonder what the Sol Bros have in mind for s/h  that have helped TAS be in this position over the years?