clearly basic research isn't a big priority for you insideman..
prior to posting on stocks you display little knowledge about, perhaps if you did some simpleton DD you might understand that they are offering 1:1 options @4.5c in Oct 2014 and 1:3 options @5.5c in Mar 2017 so that's probably where the juice is for those holders who have decided to participate wouldn't you think?
If you take up your full entitlements (1:1) where exactly is the dilution?
PLV Price at posting:
3.8¢ Sentiment: Hold Disclosure: Held