Ann: Raises $5.5M for Lulo Diamond Prjt / Propose, page-108

re: Ann: Raises $5.5M for Lulo Diamond Prjt /... "If it means that that money will be used to obtain our licences,and to propel the company to a new level,ABSOLUTELY.Do you think part of this raise will be used to do this?"

Progol - again , will this money insure the granting of the licence ?

Repoman
The option issue creates a natural break on SP
1. You now have options so you have less incentive to buy the stock
2. The cancord clients get free options pre and post consolidation so you still don't get the same deal .
3 why do you need loyalty bonus options . It's the same as saying we will do another huge capital raising if the price gets above 1 c, but we are guaranteed to do the issue at 1c
If the money is to be used to get the licence , and this will take company to a new level , why not let the company SP go to 2 or 2.5 c and then issue half the shares and get the same money .
Can't you guys see how the options issue doesn't make sense if they really think the SP is going to do well. It's locking in future dilution at a low price. It also locks in existing shareholders into handing over more money in the future to avoid dilution . If you believe in the future the last thing you want is for another raising at 1 cent . That will ensure market cap increases instead of SP