20 cents, page-11

So lets look again at the bonus issue...

Some assumptions...

. No news
. Current prices as traded today (GDA .18; GDAOC .082)
. 100,000 heads held on bonus date

So this holding would attract:

. 12,500 heads worth $2,250.00
. 60,000 Options worth $3,300.00
. A total bonus value of $5,550.00 if traded at current figures.

I would say this is a benefit.

The statement that everyone is as well off as everyone else is true, everyone has increased value of their holding. As to how it will trade in the short time is open to speculation but for long term it has to be of benefit (if you believe in the company).

As to where the share price will be and the effects of "dilution" then it once again comes back to what you believe the company is capable of producing (and isn't that the nature of speculative trading?).

This offer has to be one of the best currently available and taking account of the overall depressed state of the market over the past week and today GDA is holding pretty well.