RE:RE:RE:Timing of Options not options, Ucore and need to knowThe restricted share units may not be worth much, but they are not worthless unless the share price goes to zero before a year is up. The options, on the other hand, would be worthless unless the stock price goes up. Of course, as they've just done with the convertible debentures, they could extend the expiration date and decrease the exercise price of the options.
I interpret this action two ways: first, they can't give raises because they don't have the money (*), so this may serve to retain employees and consultants; and second, the dilutive effect is de minimus at a little over 3% when all the restricted shares vest and if all of the options were to be exercised.
(*) remember that they are extending the debentures because they didn't have the money to pay them off ($1,145,000) at the previous maturity date of May 31, 2024