Ann: Share Placement, Appendix 3B & 708A Notice, page-4

Maybe I have been thinking about GPH a fair bit and why the price is so low, it really doesn't make much sense.

But I think the 8 cent options are holding it back, there are so many of them it's a fair whack of dilution if they all come in luckily they are at a decent price, but who wants to pay much above 8 cents now have September swing buy and watch 75 mill odd shares come online in profit.

Not to mention anyone who has a big back of options will most like keep selling prior to free up money to convert and book a profit, September is going to be messy no matter what good news happens before it.

Positive is I think if they can get a good whack of the options converted and some $ in the bank then that should set a good base at 8 cents for it to start a good run from there.