well strike me pink, page-17

if the bonus options are exercised at 1.25 cents, why would the sp need to be 3 or 4 cents

if you buy at this price and the sp goes to 1.26 they are in the money,
but what if the strike price is lower

he set the strike price at 1.25 before due to the placement price at the time

latest placements have been at .8

a 10 mill buyer thinks it's worth a punt, and don't forget Smyth has a couple of them too


if they were at .8 and sp rose to even 1 cent then the options would be in the money

anyway still don't look too good for heads with placement people selling,
let's say it how it is

the placement was rubbish, all they did was sell new script on existing buy depth, so take no notice of who sold.