TShirt i'm hearing similar things. RLEOA option holders may be...

TShirt i'm hearing similar things. 

RLEOA option holders may be the best rewarded with this cap raise. Moving the expiry by ~3 months could mean reserves, GSA and pipeline grant are all in place before expiry. Then the A's can be used to fund the pipeline . Kip, i'm very confident the A's will be moved (subject to SH approval). 

I haven't spoken to SB but this seems a play to assist GSA discussions. Much easier to negotiate when reserves are certified, pipeline grant is secured etc. 

Some shareholders may be annoyed (me included) but this may be a short term play to secure the long term gain.