Ann: MEC Monthly Performance Report June 2018, page-4

The prospectus noted "Macquarie Equities Limited" as the co-manager for "the offer". From what I can gather after the IPO was all done and dusted Macquarie had no involvement.

The performance figures I quoted were to NTA, not share price. If looking at performance of share price the percentage would be negative, as it is below the offer price and there has been no dividend paid.

Nobody is going to buy the options when you can buy the share on market at a significant discount to the exercise price when option expiry is just a few months down the track.