Ann: Exercise of Options Raises $2.45m, page-22

That’s true tj22,

And I am sure that Ward has that in mind. As that’s what he told me. If the options don’t make it into the money, they will raise the capital required.

My point was that extra dilution to existing holders was factored in to the options, people expected that from the options to be exercised.

Now there is to be a raise, no one wants to be on the wrong side of a raise. We are all here to make money, sell high buy low. If you know a raise is coming it will be at a premium, it always is. Then when existing holders have the offer of cheaper shares they sell down their holdings to take up the cheaper shares. dropping the price to the raise value in most cases.

Hopefully (as coco and I were illuding to) Ward has a few tricks up his sleeves and pulls out a rabbit. Raising the price and getting a better value for the raise when it happens, unfortunately people realise this and stay out knowing a raise is coming.

It’s an interesting cat and mouse. Am keen to see it play out.