Any new options should go to current shareholders

Aiming to become the global leader in chip-scale photonic solutions by deploying Optical Interposer technology to enable the seamless integration of electronics and photonics for a broad range of vertical market applications

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milagro

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Any new options should go to current shareholders

posted on Nov 10, 2023 04:13PM

If there are totally 15 million shares issued from the US and Canadian this means the company currently can issue an extra 20% of options ( Earlier made suggestion this should be reduced to more normal 10%) or 3 million options.

Normally these options go to Management and Insiders because the company is performing well. Do not believe this should be the case in this instance because of the situation we now find ourselves in, and the traumatic drops that have occurred in our stock accounts.

NOW BELIEVE THESE OPTIONS SHOULD BE ISSUED TO EXISTING SHAREHOLDERS

All shareholders, through no fault of theirs are deeply in the red. This action would at least recognise the support that shareholders have given the company over periods of time.

The LIFE Canadian offering has no hold period (normally 4 months) so these shares will be coming out fast and theoretically options could then be issued.