Fair,
Options did get granted last year. Maybe not to management but like you said, to new highers. Last year at the AGM they asked for more warrants to get them to the 20% mark. We agreed. Now this year they ask again, to stay at the 20% mark. Some of this is due to warrant conversion and an increase is the float, and some is due to the fact that they awarded new options. I dont have a problem with them having some options to atttact nee talent, but I think (like Rob) that keeping 20% of the float on deck is a bit excessive. 10% should suffice as they have not ever since I have been invested awarded 10% of the float as options. I . Understand some strategy in having a way to fight takeovers having 20% of the company you can issue whenever you need to, but I think we are safer now than we were then. If you want me to send you some back up to qualify what I am saying I will be happy to privately.
Bcd
