Ann: Options Rights Issue Acceptances and Shortfa, page-4

re: Ann: Options Rights Issue Acceptances and... Samson,

I presume you participated?

As indicated in my post on 7 May, I found the case for purchase of the heads rather than oppies to be compelling.

I purchased a greater number of heads than the oppies I was being offered and got them at 1.9 cents. This compares with the 6.4 cents It would have cost me to purchase and eventually exercise the options. So a greater upfront layout now, but immediately "in the money". Now straight into the bottom draw.

I hope we both do well and that 2 cents or 6 cents eventually becomes irrelevant!