I would love to see another CR that is raised at a premium including 1 option for 2 shares.
Although we are getting a significant amount of share on issue.
I just checked out the t20 option holders.
WG is holding his options in his SMSF, he would need $750k to convert them.
Similar amounts needed by Twynam and building. I cannot see Gayle converting any.
Another point to raise tonight. We have round 1 conversion of the options in August. If the SP is higher than the exercise price, how many will be willing to convert?
If converted it could cash injection of upto $14mil.
