Freehold, your $36m market cap assumes and includes the issue of...

Freehold, your $36m market cap assumes and includes the issue of 200m performance shares.

But those shares will only be issued as specific milestones are achieved.

The IT sector is full of hyperbole, but Linius' technology really does hold the promise of being industry transformative in a multi-billion dollar market place.

If those milestones are actually accomplished, $36m might seem more than reasonable.

Meanwhile, though we're not given a record date, there is to be an Entitlement Issue at 2c/share of 3 new FIE shares for every 11 held.

That looks like a handy sweetener.