Opiant Pharmaceuticals Inc. (OPNT)

[jbrhema]

4.6 million share options outstanding finally acknowledged = 6.45 millon shares in reality

Today's Accesswire article finally openly acknowledges the 4.6 million share options outstanding, that mean there could be up to 6.45 million shares in reality, depending on strike price. This acknowledgement is buried in footnote 2:

[2] Computation does not include Lightlake's ~4.6 million cashless options. Using a net share settlement feature would allow the company to only deliver the difference between the market price and strike price in issued shares when the options are exercised. At $10, for example, a total of ~580,000 shares would be issued from exercised options, bringing the diluted shares outstanding figure to approximately 2.38 million. The dilutive effect will vary depending on market price at time of exercise.