With 1.35B options presently on issue, even with a 10:1 consol, that's $13M available to them if they can get the SP up enough to make conversion look attractive.
$13M for a spec is nothing to sneeze at. ........ Unless, that is, the new placement investors have stated they don't to be facing that sort of dilution........
...........in which case, we're all screwed!
shape shifters, page-20
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