Reading the ASX announcement indicates that the shares were...

Reading the ASX announcement indicates that the shares were issued as "Part consideration for the staged acquisition of
an ophthalmic practice."

so either its a second (or third or fourth) instalment payment for a practice they had already bought, or they have bought into a new practice.

This is the business model - buying opthalmic practices -so I think we all just need to take a deep breath and settle down. I know its hard - I've lost a truck load of cash on this one as well.

The potential issue of a further 500k shares are related to payments for "performance related hurdles". So I for one will love to see what performance hurdles have been reached. I am holding out for the next results announcement - it will either indicate that the underlying business is holding up ok (I am praying this is the case) or that the business is shot through.

Should be interesting couple of months...