it's just the beginning for Cirralto!, page-5881

Well that's exactly it isn't it with respects to your 1st point scenario. If it's one for 2 on the new issues , you would get the opportunity to top up 500,000 ' New ' shares. So if you convert your existing 1 million options as well , you would get another 500,000 ' New ' shares .....or double.

Now if they offer another attaching option issue on a 1 for 2 basis , and on the same terms as the previous 2.5 cent issue ..... then if you convert the 1 million of the ' Older ' issued options , you would be replenished with 500,000 of those 1,000,000 which you exercised or HALF.

under your scenario , you would then be left with 3 million or 3 times more than you would have otherwise had as compared to a 50% dilution ....and still have 500 thousand options up your sleeve which I will assume are issued ' Free '. This would compare to having only 1,500,000 shares and 250,000 ' NEW ' 2.5 cent options. So this would be one way on how you could use your options to avoid further future dilution under your scenario. This of course provided you have the cash.