one of the last to take up the rights., page-19

Datrat: >>I have set end 2010 to mid 2011 for myself as a goal for maximum return as by then the MRP should be sorted out and some other technical wins will be on the score board.<<

Rat, to be on the safe side your directors took a far more conservative view as expressed by the late September 2012 expiry date of the lowball options.

Financial management strategy:
Future capital raisings, more shareholder dilution etc.
4+ years is a long time in this biz.
How many mangoes will be falling off the trees before then ?
Will HC be able to cope with all the postings <:)


2 October 2007
4,700,000 options -
Grant of Options under IOP
As disclosed in the announcement dated 26 September 2007 options have been granted to all of Intec’s executive staff (excluding Directors) and Key Consultants as defined under the Intec Option Plan (IOP).

Options granted under the Intec Option Plan with an exercise price of $0.15 and expiring on 25 September 2012.


15 February 2008
6,350,000 options -
Options are granted under the Intec Option Plan.
Attached is a completed Appendix 3B in respect of the grant of options to Directors under the Intec Option Plan as approved by shareholder resolution on 14 November 2007.

The options have an exercise price of 15 cents per share and an expiry date of 25 September 2012. The options will not vest, and may not be exercised, until the Trigger Price Threshold of 25 cents is met. To meet the Trigger Price Threshold, the price of Intec Ltd shares traded on the Australian Securities Exchange must have closed above 25 cents for 20 consecutive trading days or Intec Ltd must have received a bona fide offer for a majority or all of its shares whether by takeover or scheme of arrangement.