First off, the Prospectus has to be approved.

Secondly, they may or may not exercise any of these options in the immediate future. Could be months but who knows but them. In any matter, this is an important item to have in their arsenal.

Dilution usually is not benefitial to a stock. But, in this case, it will be viewed as a positive, bullish move to significantly increase revs and profit. The price should rise after any issuance.

This would not be like a mining startup that needs the money for day to day operations hoping to hit it big somewhere down the road. EFL is already down the road and about to hit it big.

Question will be, at what price? Or prices (as whysosoon laid out in his thesis) I believe brokers and investors will be lined up at the door and it may be oversubscribed. ;-)