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PayDirt!

10/08/12 6:31 PM

#12946 RE: mike_long #12941

If that were the case, they wouldn't have had to write "divided by Market Price", since it would already be known.



You're almost there. Of course the Market price is know , it's .075. But they can not buy at this price until, the market price is .075 that's where the Exercise price comes in of .075

And then they have up to 5 years to purchase shares at .075 as long as the share price is .075 or above.