Once they hit 20% the creep provisions will kick in at 3% every...

Once they hit 20% the creep provisions will kick in at 3% every 6 months.

the options are about 20% of the diluted capital stock post expiry assuming they dont end up out of the money.

if they dont do a takeover right away, In order to bypass the creep provisions magna about to hit, they could load up on options in addition to the 6%pa of headstock. That basically defers the reported step change in ownership % - possible workaround to accumulate stock faster?