Effective placement price is ~ 0.009c given the option package.
So fair value for options is ~ 0.004c.
That is assuming stock is going to gravitate towards placement level.
The pending placement will require sophisticates to release shares above this level to free up funds, so I don't expect it will hold above placement level for too long.
Commiserations to holders, this Indonesian cornerstone investor debacle has been painful to watch.
