announcement, page-5

So lets see if I can translate this into english

Forgetting the directors options - they are the usual freebies.

The prospectus says that the people - whoever they were - that purchased shares in an earlier share placement will have the choice of acquiring one option for every share purchased at no cost. So they get a a pile of free options.

These free options are exercisable at 0.20c so as soon as the share price rises to above 0.20c they can at their choice convert the option at a cost of 0.20c and buy a share worth more than 0.20c.

So in the end no cost to themselves unless the price rises - and if it does they are in profit.

Have I got it??