Phone call from PIO today, page-99

Taking up the SPP really depends on where you expect the SP is going to. If the SP goes above the 0.06$ then the oppies give you a free profit (no cost). If the SP is below the 0.06$ in 2 years the oppies are worthless. So if you are looking to by 180000 shares now one can easily compute the differences between the two possibilities:
1) buying on market for $0.034
2) taking the SPP for $0.036 + 1:3 oppies.

If the SP reaches $0.06:
1) Profit $4680.00
2) Profit $4320.00

If the SP reaches $0.066:
1) Profit $5760.00
2) Profit $5760.00

If the SP reaches $0.07:
1) Profit $6480
2) Profit $6720

So bottom line if the SP goes to the $0.066 level or below better by on-market for $0.034 now
If the SP goes above the $0.066 level better to take up the SPP at $0.036 with the oppies.


Of course this assumes that the option plan will be agreed.

I have done my "homework" and have submitted my papers to the bank for the full 15k. Hope I get them! I am 100% sure that the SP will be (well) above the $0.066 within the next 2 years. Free money for me!!