directors intentions in respect of entitlement, page-2

Its slightly confusing but I can only assume that Wayne is taking up 200,000 shares at $2.50 = $500k worth of new shares.

His entitlement is 1,737,193 shares according to the document.

If most of the large holders do the same, there will be a lot of rights available on the market you would think.

I notice that the prospectus uses a theoretical calculation to value the new options at 61c. It will be interesting to see what the market says about that.

The prospectus also says that the new loan docs are still 4 weeks away from being finalised! Weeks ago that estimate was 14 days for finalisation.

What is going on there? Its dragging its heels by many weeks.