Ann: Quarterly Activities Report, page-5

31 million unlisted options converted this quarter and yearly says we had 174 million on issue. my guess around 150m still active. we have about 1.2 bill shares on issue from memory and these unlisted options currently rep a further dilution of 10% of total shares on issue..
we are still sitting quite close to the excise price at 1.47c and they expire end dec which i cant belive im saying is only two quarters away. IMHO we need these options converted ASAP not just to gain some capital but to avoid the sale rush pre december, i think management were expecting more conversions to gain prority for the bryah deal but the unlisted option holders would be regular holders anyway or the excise price being so close to the on market would intice them to buy on market and keep the upside of the options so i dont think my logic holds well.
Anyway got my fingers and toes crossed for this one as i have a largish holding in avlo but without some more cash from conversions we may be looking at a CR or some kind of sale of the blesburg project.

remember battery sales of the cellcube units that we sell as an agent will only return percentage for the actual sale price as a commision. as the previous poster says if you fly a team to every conference the cash burn compared to the commision on the sale doesnt add up. I still believ strongly AVL should be donating these cellcubes on a trial basis to get there tech out there. much easier to get press and the money man to look at a battery set up in an metro area rather than treking out to bunburry to an operating private property.
heck, dump one in martin place and use it to light up the christmass tree. this "sales" team hasnt acheived anything but leads since the original unit was sold before this team was set up.

IMHO If you are willing to have a high cash burn in sending a team to every conference to generate sales then you should be willing to have a loss leader in donating or trialing your tech into the marketplace.

The director of VSUN needs to grow a pair and his tech out there anyway he can before more well heeled competition simply supply their batteries at no cost on a lease or $/kwhr deal.

He must be sick of sending the monthly email to the germans reporting zero sales for the month, then submitting his teams expenses and per diams for the conferences.

PS i love vince and think he is a legend but he should know that VSUN needs a massive kick in the arse. if they cant sell em, then lease em, if you cant lease/profit share then they are simply failing to do their jobs.