KSX 0.00% 1.5¢ karmelsonix ltd

Could someone double-check the convertible notes and options...

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    Could someone double-check the convertible notes and options announcement (20/10/2010 and 22/10/2010) and confirm whether after every option conversion at 1.5c, more free shares are being issued along with the options? Ignore the options conversion price, that is misleading. I think those shares are free. Could be why the share price is what it is. Also, IMO the shares being offered are half of the 1.5c, mabye even less. What do you guys think?
 
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