Not sure how the options will be treated. If the colsolidation...

Not sure how the options will be treated. If the colsolidation goes ahead, then the options get consolidated too.

One things for sure, option holders will be involved and entitled to part of the cap raising.

When an $16mil company attempts to raise $95mil, you know its going to get complicated.

You have money coming from Komodo placement, Ascent placement, possibly CFE/Sage, and existing holders. Throw in some debt(convertible notes) and a consolidation, and it gets VERY complicated.

Im not worried about the "going concern", as im sure MHL will get the money required. If they fall short they can either scale back to 70-80% or negotiate staged payments.

The silence is concerning but to be expected with the complex nature and number of parties involved.