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Message: Why are these options even in discussion?
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That is correct. Both options and warrants have expiry dates. The difference is that options have a vesting period. When options are granted, not all are immediately exercisable. Generally 25% are immediately exercisable with the remainder vesting over 6 month intervals.

The term fully diluted share count always refers to all oustanding issued shares, plus warrants, plus all options whether they are exercised/vested or not.

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