Manitok Energy Inc MKRYF

warrants options in the money and out

[naga00]

management has warrants and options. It as depends on the country that they are listed within.
I am not sure but out of the are not taxable because they have not been exercised-once anything is exercised they are taxable.  
A fully diluted number usually includes everything in the money and out of the money. If Mass and management have a lot of in the money options they usually would not exercise unless they had to because of date expiration or of course buyout.  Many time management will own limited common but own huge sums of option.  It is all about risk. 
If management actual own 34+ million shares well they will sink with the ship.  Too reprice the out
of the money option i believe the exchange would not agree.  They can also introduce new options and that would technically be legal.   All depends upon the Canadian regulations.

Another worse case scenario- management does a 100 to 1 reverse and funds raise them a boat load of money-enough to pay off the debt and acquire the assets of Questfire.  Not sure BK is in the cards.  They could sell of assets (i hope)- even Mass might be on the list! Not sure anyone
would want him.  If he fails there is a job at the local ski area as a ticket checker.
I like most want more than anything for MEI to survive and prosper and it is out of our hands.