HotfireJust to clarify your post. Do you mean:-A) $10 million...

Hotfire

Just to clarify your post. Do you mean:-

A) $10 million dollars to be raised at 12.5 cents per share plus one option or

B) 10 million shares at 12.5 cents per share plus one option?


(A) would mean that 80 million shares plus 80 million options are to be issued, while (B) would mean that only $1.25m (plus funds from the future exercise of the options) would be raised.

Option (A) seems to be the more likely capital raising scenario.

Well we better get ready to be massively diluted unless we can subscribe to the capital raising. I wonder if the share issue will be underwritten?

Thanks.

loki (fool for hanging on)