Ann: AWE Response to Dawney Notice, page-3

yes, so what it has done for the moment, is put a floor under the SP.
I thought the AWE response was OK.
I actually got it a bit wrong with the 95% contingent payment.
As AWE points out, It actually relates to the on-sale of the Option - not the shares. So as AWE says, s/h might not get any additional payments if Dawney exercises the Option, then on sells the shares.

But what the AWE response did not point out, is the credit risk relating to the Option.
Not only do s/h not get any payment for their granting of the Option, but s/h have no idea of the creditworthiness of Dawney, nor any idea of the creditworthiness of any 3rd Party who might acquire the Option.

What is the point of granting Dawney (or anyone else) the right to acquire your shares, and tie-up your shares for 1 mth - 2mths for NIL consideration, BUT also doing that and running the risk that Dawney or anyone else, might not have the financial capacity to actually exercise the Option ??

The ability to fund the exercise of the Option is simply not addressed by anyone.

cheers
(but it is an interesting proposal.)
it must focus the minds of other potential predators on AWE).