help needed - what is going on here? , page-5

Thanks RMoney

I got carried away a little but have a handle on what is going on now.

I think the options are not necessary and two options are too many.

The timing is a problem however. If the JORC is not issued before the closing date, then directors have conflict of interest issues, potentially disadvantaging shareholders.

If the JORC is issued before the closing date of capital raising, then problem of a flood of options will reduced the profit potential.

In brief, EER have been a little clumsey.