RM is SPNG. So this agreement (which is really an option) is meaningless. When the time comes, they have the option to do what they want to do.
If the stock appreciates to .25 in 2 years, it doesn't really matter if SPNG buys them back or RM Holdings keeps them. The same people will benefit either way.
Right now, I believe this was an attempt to make it look like there really wasn't any dilution.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.