Ann: Despatch of Offer Document, page-21

@speedyl

You can purchase more shares now with a long time view to increase, but remembering you have a time clock running for them to expire

Example below has me spending $10,000 at todays prices and then forward looking to reaching 30c SP before the time clock runs out, options normally trade a few cents short of the heads when re-rates happen so on below example I have listed as 30 cent SP price in the future and 28c for Options

With cost to convert you are still up 60,000 plus in dollar value

	Column 1	Column 2	Column 3
0	Stake	$ 10,000.00
1
2	Today	Heads	Options
3		0.029	0.015
4		344,828	666,667
5
6	Long Term	Heads	Options
7		348,828	666,667
8		0.30	0.28
9		$   104,648.40	$   186,666.76
10
11	Conversion		666,667
12			0.0325
13			$ 21,666.68

cheers

Q