the strong are the patient punters, page-36

Better still , how does anyone else see it happening .

It will have shareholder participation . Option holders will have a chance to convert . It will be underwritten . Raising $2m min.

How else could it be done ?

If option holders are to be enticed to convert what would that entitlement be ? Perhaps a new option with every share or every second share .... pure speculation remember . Perhaps just an offer to buy X amount to all shareholders , but then I would only have to convert one option ...... I doubt it would be done this way . It wont be a placement .

I bet W. Wood will be in it , he would want to keep his 5.01% intact .