dodgy??, page-95

re: $1 million expenditure to much i reckon the exercise has been timed for a deal of some nature. think about it ........

assuming they got the oppies for nothing (surely it wasn't accumulated on market?) and assuming no fees/brokerage etc, they have forked out $6.25M plus another $937,500 to take up the rights (62.5M shares @ 1.5c) - but don't forget they get 32.5M free oppies worth roughly $400K. So they outlaid, $7.2M to hold something worth roughly $7.9M.

This to me seems a big gamble just to take up the rights. How the hell do you dump all those shares to get out? No chance. This therefore leads me to believe that they were exercised because something else will ensure they are worth much more than that ..... c'mon surely someone hasn't risked $7.2M to make $900K gross (roughly). Unless I am reading it wrong, this is good ...... :)