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If MA dilutes then henderson/the directors also get diluted and not all dilution is bad.
depends whether hunan want a stake or an off-take agreement really doesn't it
ljc, do you believe that there will be a dilution?
It was ramped massively so they could get funding at the time and pi's were left spiked
they must have had a reason to exercise them anyway
MA could have said he wouldn't extend the rest unless they exercised some - just a guess
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