how long has the prop been there at 2.50, page-12

Correct - there are now only 19,043,821 20c quoted 31/7/08 options and 250,000 30c 31/7/08 options outstanding. That will bring in $1,883,764 in cash. Watch the company announcements and you will see these go through over the next few weeks - including some big exercising which will be some of the big original shareholders I imagine.