132million options approx on issue

well there is approximately 132million options on issue at 10 cents which expire in june.

in the comments made in half yearly, they are expecting this to provide funding for operations

so, in other words, they are expecting to get maybe some $13.2Million cash??? Is that wishful thinking?

Just imagine the dilution impact of all these options being exercised..

so, they have a couple of things to worry about here..

...managing current sp
....managing the timing of flow of news or announcements
.....managing the dilution impact
......supposedly keeping the big boys happy if there are any

Now, you think about it >>>what would a company have to have up there sleeves to do this sort of capital raising under normal market conditions..

Now, think about it this way>>>>times are very different than before>>> the bears continue to dominate the market

so, how will this all turn out?

keep in mind that even shrewd brokers are finding it difficult to manage sp of some of the other spec stocks out there...

and there is approx 3 months or so till options expire and it has been trading at a premium to sp for sometime now

The big question is?????????????????????Will it happen??????????? 132million options of issue

what do the holders think? are they any confident than you and i?

well judgement day is not too long away....

live by the sword die by the sword

dyor