Wow that would be incredible if they did take up the Options....

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.