Ann: Presentation, page-23

Yes I agree - one of the many reasons which points to an interest in organically growing this company rather than a quick pump and dump. Thinking about it more - another explanation could be as follows. OOK is forecast to have about $1.4mil (including the cash from the few oppies exercised) at the end of April. If you take out the additional $100k payment to NCX plus the $200k US and $1mil US payments for the investment in NCX - say about $1.55 AUD - they will be out of cash unless they exercise oppies. The simple explanation if we run on the assumption that Faldi and co hold most of the oppies, is that they might not have had a lazy $1.5mil sitting around that they wanted to part with to exercise, and the small $500k raise tides them over for the interim. No doubt imo that it went to friendly parties though.