When this was announced earlier this year.

"the Board of Directors has approved the repricing of 7,153,358 stock options from prices ranging between CA$2.60 and CA$11.90 to CA$1.75, being the closing price of the Company's stock on March 14, 2024. The repriced stock options were granted to employees, consultants and insiders of the Company in prior years. The repricing is applicable to stock options that are out of the money and were granted earlier than September 30, 2023. As a means to emphasize the retention value of options, 50% of any fully vested and repriced stock options, whether held by insiders or rank and file employees are subject to a deferral in the exercise date of one year following approval of the repricing by the TSXV. All other terms of the repriced stock options remain unchanged."

So half of these options could be converted and sold immediately on approval. Could some employees decide to take that money and run? Yes. 

And, speaking of incentives, wouldn't senior management and the Board be more inclined to accept a lower priced offer if the strike price on their millions of options is $1.75 Canadian versus $2.60 to $11.75? Absolutely. Who wins and who loses in that scenario? (rhetorical question)