positive update, page-11

That Fundamental Guy,

Your calculation is better and you are 100% correct.

To backup your calculation, I added up all issues and options, etc.

31 Jan 2012, Appendix 3B – Exercise of options
4,279,333 shares @ 0.35 = $1,497,766

06 Feb 2012, Appendix 3B – Exercise of options 578,750 shares @ 0.35 = $202,562
500,000 shares @ 0.40 = $200,200

14 Feb 2012, Appendix 3B – Exercise of options 450,000 shares@ 0.35 = $157,500
500,000 shares@ 0.40 = $200,000

23 Feb 2012, 10m placement $10,000,000
22 Mar 2012, Completion of SPP $744,000

Total: $13m issue of shares and options for March quarter