There is another 25m-odd staff options with varying expiry dates. Including all options plus shares gives a total of around 611m shares. At todays price it implies a MC of $12.8m. Still quite low. I would prefer to see all the options exercised to give a boost to the coys coffers and provide clarity and certainty as to funding. That would then boost the SP as the company would be well funded for further expansion
Ann: Completion of placement and secondary trading notice, page-46
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