Dont get too excited about Niocorp LOL, page-29

Going to contact the ASIC tomorrow . what a crap private placement , looks fishy st first reading . Did they get the options for free , ie 2 million shares at 30 cents & 2 million options at 30 cents payable up to 2018. did they manage to be able to sell right away though some obscure exemption clause . There seems to be a hell of a lot of stock all of a sudden in a thinly traded stock WTF. Sort of looks like existing shareholders may have been sacrificed - what's other stockholders thoughts ?