abc in afr today, page-12

I'd settle for a renounceable issue at a issue price of about 1.50 - looking at a ratio of 1 for 2 and an attaching unlisted option with an exercise price of $3 for each share taken up.

Provides the funds the for the debt, having it tradable benefits long term holders and the unlised option for each share taken up rewards the holder in the long term and ensures the issue has a good carrot to ensure take up is strong.

I'm happy whichever is the outcome, i'm in this for 5+ years and i'm happy that i'll be rewarded suitably for that.