Chris,
To be honest I was disappointed not to see a small retail offer attached to the Roth Capital raising however have not at all dwelled on it. You need to understand the significant costs associated with a retail share offer and admin process. The extensive Product Disclosure Statement (PDS) needs to meet numerous regulatory requirements and needs to involve a whole heap of expensive professionals (lawyers, Accountants, ASIC to name a few). There are also thousands of retail shareholders in LKE which compounds the cost. Monies were raised quick and easy without any hassle.
With regards to the options, remember people that have them still need to front up cash to convert them which is more money in our pocket to progress according to our well documented plan.
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