I think you need to look at the fact that the main business is...

I think you need to look at the fact that the main business is domiciled in the US (Delaware company) and operations are based in San Fran...…...they are having to issue 20% of the company in incentive stock.

I think this is all about incentivising management and keeping the option open of a US listing eventually for the Delaware entity.

As for OMN I expect it continues to be diluted down in the US entity but for now it is providing the early stage funding with the $160m in cash...…...so in essence I see it that shareholders in OMN have an "option"that the concept works out...…as for it being listed in Oz, I believe it is purely because it was spunout from WDC which was listed in Australia and so it made sense to spin it out to the shareholder base.....over time they are hopeful the whole thing will shift to the US....